Oilfield Water Weekly
Wednesday April 7, 2021
Only five weeks left until the biggest oilfield water event of the year!
The fast approaching Oilfield Water Markets Conference (May 12-13 in Frisco) has drawn strong early signups from the E&P operator community and water midstream leaders.
Have you checked out the speakers and sponsors lately? This is shaping up to be the best networking/learning opportunity for the produced water industry in a long long time (years?).
Silver Sponsorships sold out yesterday evening, and we welcomed 8 new sponsors last week alone – don’t miss this rare in-person chance to reach the real decision makers in this sector. There are only a few exhibiting opportunities still available.
Now is also the time to jump on general registration if you haven’t already – our capacity to accommodate 300 folks is on track to sell out well in advance. See you in Frisco in May!
Now here is this week’s water news…
Pioneer Natural Resources Announces Bolt-On Acquisition of DoublePoint Energy in the Midland Basin
Pioneer Natural Resources acquired the leasehold interests and related assets of DoublePoint Energy in a transaction valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and the assumption of approximately $0.9 billion of debt and liabilities....
Watch Water Prices Climb! NM State Engineer Pauses Groundwater Permits...
State Engineer John D’Antonio has restricted new groundwater permits in three basins of far southeastern New Mexico to study the impact of more wells on regional aquifers...
Palisade Responds To Permit Pause With Water Reuse
Palisade Pipeline LLC's reclaimed municipal water has the ability to preserve 70 million barrels of groundwater a year for the water stressed region of southeastern New Mexico.
Solaris Water Completes Landmark Offering of Sustainability-Linked Bonds
Solaris Water has completed the issuance of $400 million in senior unsecured notes (the “Notes”) in a landmark issuance, pioneering the first sustainability-linked bond (SLB) in the produced water infrastructure industry.
Oilfield Water Connection Welcomes 7 New Sponsors To May 12-13 Conference
Resource West Inc and Helios have just joined the May 12-13th event as Gold sponsors, MBA Energy & Industrial joins at the silver level, and Weston & Associates LLC, BMO Capital Markets, Locke Lord LLP, and Anthem Water Solutions have also joined our tremendous sponsor group. Thanks to all of the upcoming conference's sponsors for making the premier 2021 gathering in #watermidstream possible. See you all in May to chat produced water, saltwater disposal, ESG, etc...!
Drilling Rig Count Climbs At Fastest Rate Since The Pandemic Began
Oil drilling expanded in the U.S. at its fastest pace since the start of the pandemic amid rising prices and an increasingly optimistic demand outlook...
Buzz Builds For Oilfield Water Markets Conference...
Only a few weeks away! Looking forward to seeing everyone there...
Water Scarcity: A Growing Concern
Running in parallel to the history of human existence has been our reliance on water, which is essential in practically every facet of life: agriculture, transportation, health and wellness, power, mining, livestock, and more... the list goes on and on. Although water is one of Earth’s most plentiful resources...
WATER TALENT POOL: B3 Adds BD Pro
David Hicks was most recently Senior Vice President and Partner at IHS Markit Ltd., leading the Global Upstream Energy sector, and has joined B3 Insight in a EVP of Business Development role...
WATER TALENT POOL: Solugen CFO
Solugen announced that Xiangyu(Sean) Liu has been promoted to Chief Financial Officer (CFO)...
Capitan Partners With Double T Water
Capitan LLC, via partnership with Double T Water, has a large inventory of water sources throughout the Midland and Delaware Basins....
Biden Takes Moonshot Approach to Replacing Lead Water Pipes
The Biden administration wants to take a huge swing at the problem of lead water pipes, proposing to replace 100% of the nation’s lead pipes and service lines.
Purestream’s Mobile IGF+ Unit on its Way to Midland
This new IGF system is on its way to Midland Texas to support a frac operation.
Halliburton: Simul-Frac Operations Double Efficiency Gains
Halliburton Global Frac Operations Manager Jason McIntyre recently spoke at the 6th Annual Frac Sand Industry Update, highlighting Halliburton’s industry-leading technologies for simultaneous fracturing (simul-frac).
Vanishing Idle Time In Fracs – Breaking Down The Next Big Step In Shale’s Efficiency Journey [Simulfrac Series]
The simulfrac trend is spreading fast in shale, and rightly so given the efficiency gains it promises to deliver. How far could it go? We estimate simulfrac crews will increase from...
How, What, Where, Why, Why Now, & Who? [Simulfrac Series]
This week, Infill Thinking launched a new research series covering the implications of simulfrac adoption across the completions market.
US E&Ps to Focus on Completions and Finish Drilled Uncompleted Wells
Early guidance from US shale E&Ps indicates a slight increase in capital expenditure for 2021. For 27 of the public US shale E&Ps (non-Majors), planned capex guidance is near $29 billion compared to $26 billion in 2020, a 9% increase.
The Way of Water
XRI’s sustainable water solutions are revolutionizing the water midstream industry.
Oilfield Services Companies Add 23,000 Jobs in March
Oilfield services companies added 23,000 jobs in March as drilling activity recovers from the pandemic-driven oil bust.
Oil Rebounds Amid Broad Commodities Rally
West Texas Intermediate rose 2.3%, with most other commodities also climbing.
U.S. Shale 2021: Show me the Money
2020 has probably been an annus horribilis for shale oil since the industry first emerged in early 2008. Compared to the previous oil bust in 2015, the main difference in addition to negative WTI prices has been the lack of new capital supporting the sector.
Wellspring Hydro's Bakken Brine Solution Getting Closer with Help of $750,000 State Grant
Wellspring Hydro just received a $750,000 loan from the North Dakota Development Fund to pay engineering costs on a process that recycles Bakken saltwater and turns it into several different products. The grant was one of 22 totaling $3.16 million to help new or expanding businesses develop.
Minnesota Pollution Control Agency fines Jordan Sands for wastewater violations
Sand-mining operator Jordan Sands has paid a $20,000 civil penalty to the Minnesota Pollution Control Agency for wastewater violations.
North Dakota’s Major Urban Roads in Poor Condition
A report finds that nearly half of North Dakota’s major locally and state-maintained urban roads are in poor condition, one in 10 locally and state-maintained bridges (20 ft. or more in length) are rated poor/structurally deficient, and 564 people lost their lives on the state’s roads from 2015-2019. Some of North Dakota’s major urban roads are congested, causing delays and choking commuting and commerce.
North Dakota’s Gold Rush: A Memoir About the Fracking Boom
A new book chronicles the stories of sometimes broken, often desperate men who ventured to the northern plains in service of an industry that exemplifies late-stage capitalism.
Weld County Oil Spills for April 7
The following spills were reported to the Colorado Oil and Gas Conservation Commission in the past two weeks.
Why The Permian Basin May Not Be The Best Place To Store Nuclear Waste.
The US Nuclear Regulatory Commission (NRC) has evaluated a proposal by Holtec International to build a storage site for radioactive nuclear waste in New Mexico, and determined that a license can be issued.
Oasis (OMP) Closes Midstream Asset Purchase of Oasis Petroleum
Oasis Petroleum, which recently came out of a pandemic-forced bankruptcy, anticipates $81 million in cash flows from Oasis Midstream limited partner distributions during 2021 post the simplification.
Colorado Firm Urges Gas Industry to Fix Its Brand
Short for “responsibly sourced gas,” RSG is a designation from a third party verifying that gas was produced with high environmental and social standards.
California Resources Says ESG Efforts Reducing Oil Patch Carbon Footprint
CRC said it is on track to meet its goal for water sustainability by increasing the use of produced water in 2030 by 30%. CRC said it is nearly halfway above the 2013 baseline for using recycled water.
With Strong Demand and Choppy Supply, Outlook Brightens for NGL Prices, Raymond James Says
Natural gas liquids (NGLs), a byproduct of oil and gas production, could benefit from global demand and supply disruptions in 2021, paving a path for rising prices as the year wears on, analysts at Raymond James & Associates Inc. said in a new forecast.
Beyond The Oil Patch -- Wastewater Management Captured The Nation's Attention This Past Week
Hundreds of residents in Manatee County, Florida, were ordered to evacuate their homes over Easter weekend as officials feared that a wastewater pond could collapse "at any time." On Saturday, Florida Governor Ron DeSantis declared a state of emergency for the area, and the local state of emergency was extended by county commissioners on Tuesday.