Before getting to today’s news, we welcome WaterBridge as this week’s newest sponsor to join our May 17-18, 2023 Oilfield Water Markets Conference. WaterBridge is sponsoring the event’s Ranch Water Reception, and we thank them and all the sponsors for making it possible.
This event is coming together nicely and will be a tremendous opportunity to network, grow your business, and learn. Also… stay tuned for a big conference announcement coming later this month that will add value for the 400+ attendees expected!
Here’s a link to the conference website>
Here is this week’s industry news & analysis…
News Digest
New York Times Is Now Covering Permian Earth Quakes
A pair of recent strong earthquakes were part of a surge in seismic activity in the state related to oil and gas production.
If NY Times Is Showing You A Paywall...
... you can also read their Permian quake article reprinted here by spokesman.com.
Forbes Too...
In West Texas, Water Is Scarce For Fracking, Expensive For Recycling, Cheap For Disposal Wells, And It Causes M5 Earthquakes.
Earthquakes rattle Permian shale cost discipline
A recent spike in earthquakes in the US Permian basin of west Texas and southeast New Mexico is drawing renewed scrutiny to wastewater disposal methods from shale operations, adding another potential layer of costs for producers.
Exxon or BP?
A Financial Times chart comparing the diverging opinions of Super Majors on the future of energy is stirring up some controversy. Check it out and vote here and we'll share the results in our next newsletter!
BP to cut back on renewable efforts after disappointment with green push
Energy giant plans to 'dial back' green investment and place less emphasis on ESG
CNX Continues to Invest in Integrated Midstream and Water Infrastructure
President & CEO Nick Deiuliss provides some comments on LinkedIn.
Texas Water Caucus looks to solve water issues in the state
Water may be the most precious aspect of life in not just Texas, but for the rest of the country.
Texas 2036’s Water Infrastructure Blueprint
Texas 2036 has developed a legislative blueprint for the 88th Legislature that proposes systemic, comprehensive reforms needed to address the problems with the state’s aging, deteriorating water systems. While not oilfield focused, the information will be of interest to many of our readers.
Matador Snagging More Permian Acreage in $1.6B-Plus Deal to Buy Advance Energy
Matador Resources Co. has bolted on its largest deal yet in the Permian Basin in an agreement to acquire Advance Energy Partners Holdings LLC, with assets in New Mexico and West Texas.
WATER TALENT POOL: Continental Hiring Senior Category Manager In Water
Check out this opportunity to join CLR's supply chain management team.
BP aims to reduce flaring as it focuses on the Permian
It wants to lower emissions in its Permian Basin operations while spending $1.3 billion in the region even as it plans to slash oil and gas production worldwide.
SWD Sale Listing
Commercial Salt Water Disposal Well (SWD) located on highway 285 in Eddy County, New Mexico just 4.3 miles North of the Texas border. This is a Devonian well injecting from 14,800' - 15,800' TVD.
In East Texas, a town fights to keep an oilfield waste dump from opening near wetlands and water wells
The Texas Railroad Commission has rejected the proposal twice over water contamination concerns, but locals are dismayed that the commissioners keep giving the developer more chances to alter its application.
With GOP in control, House moves to loosen restraints on oil and gas
Republicans take steps to undermine Biden's clean energy policies now they've taken control of the House, favoring an "all-of-the-above" strategy.
Keystone Clearwater Solutions Ads New Service Line
Led by Construction Superintendent Neil Wing, services offered include excavation services, general site work, road crossings, pipeline construction, roustabout services, pad construction, road maintenance, E&S controls installation, and general construction services.
They're BAAAACKK: Frac Sand IPO Announced After A Long Hiatus On IPOs In This Niche...
Atlas Energy Solutions, which mines and transports frac sand for the oil and gas industry, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $200 million.
Hess Midstream LP Announces 2023 Guidance and Return of Capital Framework Through 2025
Water gathering volumes are expected to average 85 to 95 MBbl of water per day for full year 2023.
Biggest OFS Cos. See O&G Drilling on the Rise Intl, Less So in US
Expect more drilling internationally in 2023, especially in the Middle East and Latin America, but expect about the same amount of drilling (or less) in the U.S. this year.
New York investors snapping up Colorado River water rights, betting big on an increasingly scarce resource
With the federal government poised to force Western states to change how they manage the alarming shortfall in Colorado River water, there is one constituency with a growing interest in the river's fate that's little known to some: Wall Street investors.
Damascus Environmentalist Group Sue DRBC re Frack Wastewater Regs
They got 95% of what they wanted, but because it’s not 100%, they are suing in federal court to force the DRBC to start over and achieve 100% of their demands.
OVERSEAS: Petroleum Development Oman will launch $226 million plant to treat oilfield wastewater
The plant, at a cost of $226 million (87 million Omani rials), will use innovative and environmentally friendly techniques to dispose of oily wastewater from the oilfields in Rima, in the south of Oman.
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