Oilfield Water Weekly

Wednesday April 21, 2021

In just three weeks…

2021 Oilfield Water Markets Conference

New sponsors and attendees are registering daily, but there are only a couple exhibit spots still left and remaining tickets are going fast now.

The ‘Who’s Who’ of Produced Water and Water Midstream will be there. Will you? Please plan to join your peers and customers there – secure your spot today before they are gone…

www.oilfieldwater.com/markets

Now here is this week’s water news…


News Digest

Golden Gate Capital Launches Energy Infrastructure Platform, Stonehill Environmental Partners, and Acquires Waterfield Midstream Assets

Golden Gate Capital formed Stonehill Environmental Partners, led by CEO Jay Parkinson, and acquired Waterfield Midstream.

XRI Announces 10-year Preferred Water Service Provider Agreement With University Lands’ Southern Midland Basin

Located in Upton, Reagan, and Crockett Counties of Texas, this acreage position significantly enhances XRI’s asset footprint and will provide XRI with greater access to and mobility of its existing assets in the area. In particular, the UL acreage will increase XRI’s effective treating and recycling capabilities to further advance its customers’ sustainability goals and ESG initiatives.

Surging Midland Basin Seismicity Is An Underappreciated Oilfield Trend To Watch

Perhaps the Delaware’s seismicity ramp was observed earlier due to a combination of higher water cuts and more activity, but Midland is catching up as we write

'Important things happening in environmental arena'

Oil and gas operators can expect to see more environmental regulations, fueled largely by a public and investor community concerned about the industry’s environmental footprint.

Protest Letter Update

So far in 2021, 132 Protest Letters have been submitted to the RRC, most of which are concentrated in areas of high demand. UIC applications that have to navigate the hearing process due to protest letters can take significantly longer to receive final permitting - sometimes by an entire year!

A breakthrough idea for recycling water

H2O Global News’ Natasha Posnett spoke with CarboNet inventor and founder, Michael Carlson, and CCO, Amielle Lake, about their unique technology and how it could make a real change in the economics of water recycling, helping to preserve freshwater and fight against the global water crisis.

US West prepares for possible 1st water shortage declaration

U.S. water officials are projecting the man-made lakes that store water used throughout the American West will fall to historically low levels and trigger an official shortage declaration for the first time.

WATER TALENT POOL: Trucking Business Development Manager

Pilot Water Solutions (“PWS”) is a multi-basin midstream, disposal and water trucking company with principal operations in the Permian, Eagle Ford, Haynesville, and Marcellus. PWS is hiring in business development...

Putting E&P Spending Seasonality On Steroids? [Simulfrac Series]

The implications of widespread simulfracing for OFS and frac supply chain are massive. In this installment, we think about the affects on E&P spending patterns.

Halliburton Kicks Off Oilfield Earnings Season

Halliburton Company (NYSE: HAL) announced today net income of $170 million, or $0.19 per diluted share, for the first quarter of 2021.

Ray Jay's Role In Solaris Water Notes Offering

Raymond James participates on Solaris Water's $400 million senior notes offering.

Brent Near $67 with Dollar Dipping and India Virus Case Surging

Oil steadied near $67 a barrel as the benefits of a weaker dollar were offset by the sweep of the coronavirus pandemic across key importer India.

Pioneer CEO Sheffield Warns of OPEC Price War if U.S. Shale Output Surges

Sheffield predicts overall U.S. production will rise at a 2%-3% annual rate, with most of the increases coming from the Permian Basin - where Pioneer is one of the largest producers - while all other shale fields will decline.

Kirkland & Ellis Advised Waterfield Midstream on the Sale of Assets to Stonehill Environmental Partners

The Kirkland team was led by transactional partners Chad Smith, Kyle Watson and Rhett Van Syoc and associates Justin Clune, Will Eiland, Matt Gibson and Adam Wojcik. The team also included tax partner Mark Dundon and associate Victoria Chang; environmental transactions partner Jonathan Kidwell and associate Ty’Meka Reeves-Sobers; and debt financing partner Andy Veit.

Looking Into The Crystal Ball On Eagle Ford Drilling Trends

We ran data traps in South Texas to take a look at the Eagle Ford drilling outlook. Here’s the chart and then a couple observations:

Environmental Groups Appeal Plan to Pump Oilfield Waste into Aquifer

Conservation groups are challenging Wyoming’s approval of an energy company’s plan to inject oilfield waste into an underground aquifer, telling federal regulators the state plan fails to meet Safe Drinking Water Act requirements.

Permian Basin Oil and Gas Nearing Pre-pandemic Production Levels. Companies Seek to Cash In

As prices rebounded this year from historic declines last year, companies began to invest again in the region spanning southeast New Mexico and West Texas.

OFS Energy Fund Forms Growth Fluids Company in the Permian Basin

Ace Completions and Terra Oilfield Services announce the formation of Ace Fluid Solutions (AFS). Headquartered in Midland, Texas, AFS is a leading provider of specialty stimulation chemicals, water sourcing program management, water treatment, water transfer, and in-field technical support to operators and pumping companies in the most active US shale plays.

Where Are the Lead Pipes? Finding Them May Prove Tough for EPA

Incomplete local record-keeping may stymie EPA efforts to locate the nation’s lead pipes to meet President Joe Biden’s goal of replacing them and improving drinking water quality, authorities say.

SWD OPPORTUNITY

18 Acres of surface, 30K Bbl/day SWD Permit, 2 Freshwater Storage Ponds, 6 Water Wells on Hwy 176 just outside of Big Spring, TX. in Howard County. Asking price = $350K

CONFERENCE UPDATE: Steven Jones Of Waterbridge Added To Agenda

We are pleased to announce that Steven Jones, Co-CEO and CFO of WaterBridge Operating LLC, has been added to the tremendous speaker lineup of the Oilfield Water Markets 2021 Conference.

CONFERENCE UPDATE: Sponsor Group Grows And Includes Industry Leaders!

Thanks to this amazing group of sponsors for making the event happen. The 'Who's Who' of #producedwater will be there, will you? Remaining tickets going fast...

CONFERENCE UPDATE: Breakwater Is A Golf Outing Sponsor

Hat tip to Breakwater Energy Partners LLC for signing up to sponsor the Golf Outing at the 2021 Oilfield Water Markets Conference! Only 2 Golf Sponsorship opportunities remain... it's gonna be a blast plus a great in-person business development opportunity (which aren't easy to come by these days!).

CONFERENCE UPDATE: Verified Water Joins As Gold Sponsor

Warm welcome to Verified Haul as a Gold Sponsor of the Oilfield Water Markets Conference. This is a great Bakken water services / technology outfit doing some exciting stuff around metering and data systems. Give them a shout when in North Dakota or at our conference in Frisco this May 12-13!

CONFERENCE UPDATE: Wanner Engineering-Hydra-Cell Joins As Gold Sponsor

Thanks to the Wanner Engineering team for joining the event. Check them out in the exhibit hall this May 12-13 in Frisco!

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