Happy Thanksgiving… here’s one more quick batch of oilfield water business news before the turkey.
Here is this week’s industry news & analysis…Â
News Digest
THIS WEEK: WED: NMED releases final strategic water supply feasibility study
The feasibility study anticipates that the treated produced water could be used in green hydrogen production, data centers, semiconductor manufacturing, solar panel manufacturing, electric vehicle manufacturing, pumped storage hydroelectric or cement and concrete production.
PDF DOWNLOAD: Grab the final NMED produced water study here
Grab a copy of the 115 page report here.
Drought is causing saltwater to creep up the Delaware River. Here’s what’s being done about it
Salty oceanwater is creeping up the Delaware River, the source for much of the drinking water for Philadelphia and millions of others, brought on by drought conditions and sea level rise, and prompting officials to tap reservoirs to push the unpotable tide back downstream.
EQT Announces $3.5 Billion Midstream Joint Venture with Blackstone Credit & Insurance
Under the terms of the agreement BXCI will provide EQT $3.5 billion of cash consideration in exchange for a non-controlling common equity interest in the JV.
Javier Blas Explores Texas Pacific Land Crop. In This Interesting Twitter Thread
Javier writes: "The biggest "oil company" you probably never heard of was just included into the S&P 500 blue-chip index. It's name is Texas Pacific Land Corp. and it's worth ~$35 billion. It replaces Marathon Oil, which was sold to ConocoPhillips."
New LandBridge PDF Of Presentation Slides On Recent M&A
LandBridge Executes on Series of Accretive Acquisitions
Oxy Enters Arkansas Lithium Rush
The company is looking to extract lithium from brines produced by Berkshire’s geothermal energy production. Oxy and Berkshire are due to begin construction of the first direct lithium extraction (DLE) pilot plant this year. If that is successful, the partners have discussed expanding operations in the region.
Balancing Act: Lithium Extraction and a New Era of Legal Issues
Given that lithium deposits and traditional energy resources often overlap, companies are eager to explore whether their leases for fossil fuels also grant rights to lithium extraction, an issue that in many jurisdictions remains unsettled and is attracting increasing legal scrutiny.
Produced water spilled in McKenzie County
At least 3,880 barrels of produced water, roughly 162,960 gallons, was spilled by a leaking pipeline six miles west of Arnegard, N.D., on Sunday, Nov. 24.
Oil prices steady with focus on Israel-Hezbollah ceasefire, OPEC+ meeting
U.S. West Texas Intermediate crude declined 5 cents, or 0.07%, to settle at $68.72.
Natural Gas Futures Falter Following EIA Print
Natural gas futures struggled through midday as traders looked past the latest storage data, took profits after a late November rally and firmed up positions ahead of the Thanksgiving holiday.
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