Upcoming Events (please mark your calendars!):
- July 29 – [Westin, Pittsburgh] Marcellus-Utica Shale Water Business Update
- October 5 – [Houstonian Hotel, Houston] 4th Annual Oilfield Water Industry Update
Now, here is this week’s industry news & analysis…
News Digest
Natural Gas, Oil Brines Could Help Supply Tight Lithium Market
Recovering commercial volumes of lithium from the oil and gas byproduct would bolster the United States’ domestic supply of the valuable mineral, but it won’t be easy. Article quotes multiple speakers from our events including B3 Insight and Lium Research. At our upcoming Marcellus-Utica event this July, you'll hear from some pioneers of lithium extraction in the Appalachian gas plays (on the 4:15 panel).
Goodnight Midstream Needs R&M Help On Many Of Their 5,000 Barrel Bolted Tanks
Gordon Stevenson writes: "Goodnight needs some help from the Permian community. We are in the midst of blasting, coating and repairing many of our 5,000 barrel bolted tanks. We are seeking qualified contractor contacts who can assist with this effort."
Marcellus-Utica Shale E&P Operator Majority To Speak At Appalachian Shale Water Conference In July
Oilfield Water Connection, the executive event series in U.S. oilfield water, reports strong E&P involvement in a new Marcellus / Utica shale water conference. Hear from EQT, Range Resources, Chesapeake, Southwestern Energy, Coterra, Gulfport, Repsol, and more this July in Pittsburgh...
Texas Pacific Land Corporation and Milestone Carbon Announce Agreement for Carbon Sequestration Study
In a joint press release, Texas Pacific Land Corporation (TPL) and Milestone Carbon, a subsidiary of Milestone, announced an agreement for a carbon sequestration study.
EPA announces water reuse working group
Senior officials from 15 federal agencies will work together through the Water Reuse Interagency Working Group to advance water reuse across the country.
WATER TALENT POOL: Jayson Weigand Promoted At Gulfport
Jayson has been named the Infrastructure and Water Manager at Gulfport Energy Corporation. Come hear Jayson speak in July at the Marcellus Shale Water Business Update we are hosting in Pittsburgh!
WATER TALENT POOL: Jeff Wilhelm Starts E&P
This month, Jeff left his role as SVP of Flex Flow at DistributionNOW to start New Height Energy, LLC, an Independent Oil and Gas operator focusing on creating value within the Permian Basin.
WATER TALENT POOL: Select CEO John Schmitz appointed Chairman of DEPA
the Domestic Energy Producers Alliance (DEPA) announced the appointment of Select CEO, John Schmitz as Chairman of the Executive Committee. The Domestic Energy Producers Alliance is a nationwide collaboration of 39 coalition associations from across the United States that are actively engaged in advancing policy to address the challenges of domestic energy production.
Texas adds more than 3,000 oil field services jobs in May, recent federal data shows
The country’s oil field services sector continued to add jobs last month as oil and gas companies move forward with planned increases in drilling.
Delek Logistics Partners, LP Announces Closing of Acquisition from 3Bear Energy
Total cash consideration is $624.7 million (excluding customary closing adjustments) and the acquisition is expected to result in an investment multiple of approximately 6.25 times preliminary forecasted 2023 EBITDA. The transaction is being funded with cash and debt financing.
Andros Capital Partners Launches Mineral Platform With $122 Million Mineral and Royalty Acquisition
Andros Capital Partners LLC announced it has entered into a definitive purchase and sale agreement to acquire a portfolio of mineral and royalty interests located in the Midland Basin, Delaware Basin, and Eagle Ford Shale for $122 million from an undisclosed private seller.
Kinetik Announces $1.0 Billion Sustainability-Linked Senior Notes Offering
The Issuer intends to use the net proceeds from the Offering, together with borrowings under a new 3-year unsecured term loan facility with a group of commercial banks, to refinance all of its existing consolidated indebtedness.
Tailwater Royalties Chooses Sourcenergy for its Energy Intelligence Needs
Leading energy investment company chooses Sourcenergy for its energy intelligence needs...
Poor Frac Water Management Can Have A Big Impact on Your Well
LinkedIn posting showing images of tubing and rods from a well that was completed using recycled frac water.
Oil, produced water spill reported near Rhame, ND
The North Dakota Oil and Gas Division was notified June 7 of a release that occurred June 3 at the Arithson 1 saltwater disposal location, about 18 miles south of Rhame in Bowman County.
Project Canary Enters into Strategic Arrangement with Quantum Energy Partners to Facilitate Improvements in Energy Industry ESG Performance
The companies will collaborate to facilitate improvements in ESG performance through the provision of sustainability-linked financings and third-party continuous emissions monitoring data.
Join Darin Chaffee, Water Foreman At Chesapeake, In July!
Darin writes: 'Honored and excited to be able to contribute to this great event. If you are looking for networking, knowledge sharing, and value-add content, make sure to get your tickets to the Marcellus Shale Water Conference on July 29th, in Pittsburgh, PA!"
PA Gubernatorial Candidate Dave White Pays Coterra a Visit
On April 18, gubernatorial candidate Dave White caught up with Coterra in Susquehanna County...
Residents and professionals urge PA state legislators to take action against fracking
Despite convening the meeting to engage their constituents, Democrats Muth and Brewster acknowledged they have little power to enact change as the minority party in both chambers of the state legislature.
Mountain Valley Pipeline seeks new panel for challenges
A company building a natural gas pipeline in Virginia and West Virginia is seeking a new panel of judges to hear the next round in its legal battle with environmentalists.
CNX Donates $250K to SWPA Town to Upgrade Water System
CNX is planning to build six well pads and drill 20 wells in Bell Township. The donation is the company’s way of reassuring residents CNX will be a good neighbor.
Ohio Utica Shale Dashboard Shows 73% of New Drilling Done by 2 Cos.
The new report details shale-related investment in Ohio, looking at upstream, midstream, and downstream activities.
Newt Gingrich Rips PA Dems for Forcing State into RGGI Carbon Tax
Gingrich said Gov. Wolf’s executive order forcing the state into RGGI will “punish” PA for producing natural gas.
Manufacturers’ Assoc. Says PA Could Eclipse TX to Become #1 in Gas
Pennsylvania Manufacturers’ Association, was one of the featured speakers at yesterday’s Think About Energy Briefing held in Berks County, PA. Taylor said if PA and federal legislators commit to a pro-growth agenda, PA could become the country’s No. 1 natural gas-producing state.
Get Earthquake Insurance Now in West Texas While Cost is Low
"I never thought, living in Midland/Odessa, I would ever be looking into earthquake insurance for my house. This is stuff that only happens in California or the west coast, not here."
Texas Tackles Permian Earthquake Problem
Efforts to reduce the frequency and intensity of earthquakes linked to oil and natural gas activity in the Permian Basin appear to be working, according to Texas regulators.
UT researchers develop model connecting pore pressure and earthquakes
New model could offer guide to future injection at far West Texas that avoids seismicity
Help Wanted: Chesapeake Energy Advertises for LNG Advisor
Broadcasting its intent to expand aggressively in the LNG export market, Chesapeake Energy is advertising to hire a liquefied natural gas (LNG) advisor.
U.S. rig count remains flat this week as oil nears $120 per barrel
The number of operating drill rigs nationally stayed flat at 727 this week, according to oil field services company Baker Hughes. Oil and gas companies have added 271 rigs in the past year, a nearly 60 percent increase from the 456 operating in the same week of 2021.
U.S. Rig Count Approaching Cyclical Plateau?
Based on data released by Lium last week (link), DUCs are growing too fast now and rig count growth is likely to taper off from here even as more frac fleets are needed.
House GOP lays out climate strategy to expand U.S. oil and gas production
House Republicans laid out a climate strategy Thursday focused on expanding U.S. oil and gas production as a cleaner alternative to foreign suppliers, while making communities more resilient against rising temperatures and flooding.
Chevron expects its US Permian basin production to surpass 1 million bpd in 2025
Supermajor Chevron plans to increase its production in the onshore Permian Basin to more than 1 million barrels of oil per day by 2025 ans is rapidly increasing its operations in the deep-water Gulf of Mexico, according to Chief Executive Mike Wirth.
Environmentalists join forces to fight ‘carbon bomb’ fossil fuel projects
Coalition of lawyers, journalists and campaigners challenge climate-busting mega projects exposed in Guardian investigation
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