Our Water & Flowback Services business grew 7% sequentially and marks the seventh consecutive quarter of topline growth. For the full year, our Water and Flowback Services revenue grew 66% while income before taxes increased by $27 million and Adjusted EBITDA increased by $29 million or 191%. q

Together, Aris, ExxonMobil, Chevron, and ConocoPhillips seek to develop cost-effective and scalable solutions of treating produced water for non-consumptive agricultural, alternative power generation and other industrial and commercial applications.

Under the agreement, TPL will receive dedicated brackish and treated water sales, certain produced water commitments, and access to produced water for commercial treatment, recycling, and reuse. bpx will receive assured long-term access across a substantial portion of TPL’s vast surface acreage for the continued development of oil and gas and associated infrastructure.

On May 16, 2023 during the premier executive conference for oilfield water management, B3 Insight will bring together produced water leaders for an immersive half-day session of data-driven conversation.

Oilfield Water Connection continues its annual partnership with a leading E&P Operator Water Manager Group to jointly convene in Fort Worth this May during the big event, with the joint participation benefitting all attendees.

Aquafortus targets industries that produce significant volumes of hypersaline water: mining, oil and gas production, chemical manufacturing, and power generation. The Series A1 financing will allow the construction and deployment of a relocatable demonstration unit and commercial pilot across major US Oil and Gas basins and operators, as well as investment in core R&D.

The Permian Basin finished 2022 with a shake rather than a bang. On December 12th, Midland Texas shook from a magnitude (M) 5.2 earthquake originating approximately 10 miles north of the city. Seismic events are not uncommon in the Permian Basin, events have been increasing in magnitude and frequency in recent years. Years of water disposal, hydrocarbon extraction, and well stimulation have had an impact on the stability of the ground in the Permian, which now shakes with increasing regularity.

Diamondback Energy Inc. has no plans to accelerate oil production growth despite signs of impending tightness in the global market, according to management.

The company's 10k filed this week includes this nugget but still doesn't name the buyer... "On January 17, 2023, the Company entered into a definitive agreement to divest a portion of its saltwater disposal wells and associated produced water infrastructure in Reeves County, Texas for total consideration of $ 125 million. The full consideration will be received at closing with $ 60 million subject to repayment if certain thresholds tied to the Company’s future drilling activity in the service area over the next several years are not met. The Company expects to retain the full consideration based on its current development plan. The transaction is expected to close in March of 2023, subject to customary closing terms and conditions.