Our weekly news and analysis is below (tons of great stories this week).
Details / registration on our next event (it’s coming up fast and it’s really coming together) are found here: Marcellus / Utica Shale Water Business Update.
Here is this week’s industry news…
News Digest
Centennial, Colgate Energy combine to create $7-bln Permian basin producer
Centennial Resource Development Inc (CDEV.O) and Colgate Energy Partners III LLC have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused U.S. oil and gas producer. OWC Note: Recall that Colgate signed a water midstream M&A deal with WaterBridge not long ago (see News Digest #128 from September 2021)...
Surge Energy America Announces Agreement with Gravity to Install Produced Water Recycling Facility
This new facility built with Gravity will be the fourth recycling facility commissioned to support Surge’s acreage position and will allow Surge to use recycled produced water in substantially all completions going forward while reducing the water volumes distributed to saltwater disposal wells in the area.
Eye on Lithium: ‘Unconventional’ — US researcher reckons oil and gas plays could produce lithium by-product
The University of Houston’s has flagged the potential of petroleum-based rock brines as a new source of lithium.
A PHD Candidate You May Recognize From Past OWC Events Is Featured In Oilfield Water Recycling News
Joshua Swigart is making news. The University of Wisconsin-Milwaukee PhD candidate, whom we've had the pleasure of seeing at past OWC conferences, is being recognized for his research on how to decontaminate oilfield-produced water.
Milestone Acquires Energy Waste Disposal Permit in Panola County
Milestone Environmental Services, one of the largest independent providers of energy waste sequestration services in the U.S., today announced the acquisition of an energy waste landfill permit in the Haynesville Shale for disposing of non-hazardous waste streams generated from oil and gas operations.
Permian Oilfield Partners Adds SWD Capacity
"Stood another one up this week in Eddy Co, NM…adding deep SWD capacity to the basin!"
WATER TALENT POOL: Coterra hiring in Appalachia water market
Coterra is hiring an Environmental Engineering position in Pittsburgh. Great opportunity!!!
WATER TALENT POOL: TETRA is hiring in Permian
SwiftWater, a TETRA company, is seeking a qualified Water Treatment Specialist for our Permian operations.
WATER TALENT POOL: B3 Insight Hiring
B3 Insight is looking for a motivated and enthusiastic software developer with experience in front-end and back-end software development, relational databases and the energy/water markets.
WATER TALENT POOL: Regulatory & Environment Manager Opening
Grit Oil & Gas II is hiring a Regulatory & Environmental Manager. See below for a unique opportunity to join a growing private equity-backed E&P team...
Sourcenergy Founder Podcast Appearance
Did you know that in the Permian, the size of a well pad correlates about 80% to the amount of future wells that will be drilled from that well pad? Interesting insight for predicting future royalty income... Josh Adler - CEO of Sourcenergy weighs in on this podcast...
TO THE MOON!! Texas Pacific Land Corporation, Mawson Infrastructure Group Inc., and JAI Energy Announce New Bitcoin Mining Venture in West Texas
TPL and JAI will earn a net royalty interest and retain an option to acquire an equity stake.
From Trash to Treasure: Who Owns Valuable Wastewater in the Oil Patch?
Until recently, Texas surface owners were presumed to own the groundwater underneath their property. But recent changes to the Texas Natural Resources Code state that water brought to the surface incident to oil and gas drilling is the property of the person who takes possession of the fluid.
U.S. oil and gas companies add more than a dozen rigs this week as oil remains above $100
The U.S. rig count is up again this week as companies work to take advantage of high oil and gas prices, and demand for petroleum products remains high as pandemic recovery continues.
Judge in the Least Populated County in the Continental U.S. Charged with Cattle Theft
Loving County, TX has benefited enormously from fracking. Despite a very small population, the tax base hovers around $7 billion to $9 billion. And the county’s budget has grown from about $2 million in 2008 to more than $28 million.
New Mexico County to Ease Oil & Gas Drilling Rules Despite New Evidence of Health Dangers
Anti-oil & gas article tries to paint anyone in favor of new rules as the bad guys.
Permian Basin sees continued growth, mergers amid high oil prices, increased operations
The growth in prices and operations in the region led to more companies investing in North America’s most active shale play, looking to capitalize on the demand for oil and gas produced in the U.S.
Environmental excellence award honors seismicity work
RRC, BEG win Bruno Hanson Midland College Environmental Excellence Award for response to seismicity in region.
Developing a sustainable lithium industry in the US
Brent Wilson, President and CEO of Galvanic Energy, explains how lithium should be produced domestically in order to develop a sustainable US lithium industry.
US Oil Pipeline Operators Prepare for a Surge in Shale Output to the Pre-Pandemic Levels
Analysts predict an increase in crude oil flow from the US shale field to export hubs located on the Gulf Coast to the pre-pandemic level, effectively ending the desperation of some Texas oil pipeline operators.
Occidental seeks approval for 200-well Colorado oil drilling project
The drilling plan covers 39 square miles in remote Weld County.
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