While no one knows where oil prices are going next, the return of the geopolitical risk premium during the past 6 days shows without a doubt how vital oil and gas produced right here in the good ole USA is to our national security, way of life, and economy.
Thank you to everyone reading for all you do to ensure flow assurance in domestic hydrocarbon – keep up the great work!
Here is this week’s industry news & analysis…
News Digest
Oil Prices Are At A Five-Month High, Mid-$70s WTI Is Back... For Now...
West Texas Intermediate was trading at $75.16 per barrel, after gaining another 4% on Tuesday. Prices got a push yesterday by the news of tankers on fire near the Strait of Hormuz. The fire turned out to be the result of a collision between the two vessels.
Oil analysts left scratching their heads over Israel-Iran conflict: ‘Your guess is as good as mine’
Energy market participants continue to weigh the likelihood of direct U.S. involvement in the conflict, as well as the potential for major supply disruptions.
Oil Prices Retract Wednesday As Trump Says Iran Ready To Negotiate
Crude oil futures fell more than 1% on Wednesday, after President Donald Trump said Iran wants to negotiate over its nuclear program after six days of Israeli airstrikes.
U.S. Crude Inventories Post Massive Draw of 11.5M Barrels
Crude oil inventories in the United States fell by 11.5 million barrels during the week ending June 13, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 420.9 million barrels, roughly 10% below the five-year average for this time of year.
WaterBridge Issues Statement on Updated Permitting Regulations From the Railroad Commission of Texas
WaterBridge statement discussed how they are well-positioned to accommodate the evolving RRC guidelines.
Permian Oil Producers Face Higher Costs with New Saltwater Rules
New guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
Join Select At The Aug 5th Marcellus Shale Water Industry Update
Select Water Solutions is the proud lanyard sponsor at the conference coming up in Pittsburgh and their team will have a strong presence on the sidelines and main stage - join them!
The Best Shale Water Conference Of The Year Draws Strong Speaker Lineup
More speakers are being added daily, but wow this lineup is really coming together nicely for Aug 5th in Pittsburgh, with speakers you'll only hear here! Check it out...
Abbott signs law permitting use of fracking wastewater in agriculture
The move comes as the state faces a growing water shortage due to population growth, aging infrastructure, and prolonged drought conditions. Supporters say the law is a way to supplement water supplies and promote recycling.
Select Water Solutions Expands into Municipalities
While leveraging its oil and gas roots, Select Water Solutions aims to stabilize revenues through long-term contracts and water recycling innovations.
PA DEP Reviewing Permits for Coterra-Funded Dimock Water Plant
Water plant is being installed as a part of an agreement from 2022.
WATER TALENT POOL: XRI Is Hiring
XRI is looking for an IT Director who's ready to lead IT infrastructure, cybersecurity, 24 hour support across multiple locations...
WATER TALENT POOL: Core Linepipe Is Growing
Richard Fontaine joins the great team at CORE Linepipe.
Protesters Organizing to Try to Keep a Fracking Ban in the Delaware River Watershed
Environmental groups are afraid the Republican Congress will overturn the current ban.
Amendment would put $20 billion into Texas Water Fund
The Permian Basin Petroleum Association backed Senate Bill 7 and its companion measure, House Joint Resolution 7, to address Texas’ long-term water needs with big money and put a proposed constitutional amendment on the Nov. 4 ballot.
A $20 billion effort to avoid calamity: Here’s what Texas lawmakers did to save the state’s water supply
Among other changes is a new law that says homeowner associations can no longer fine Texans for not watering their grass during a drought.
Stay ahead amidst sweeping Texas regulatory changes
Campbell Gough, OilfieldH2O Product Manager for B3 Insight, breaks down the impact of these changes in this analysis. This isn’t just permitting reform—it’s a blueprint for risk-aware basin management.
Locus Technologies Integrates with the Latest USGS Produced Water Database
Through this integration, geochemical records and water-related data from oil and gas wells across major U.S. basins—particularly those associated with hydraulic fracking—will be available to customers.
Legislators attack Texas oilfield crime with a vengeance
House Bill 48 creates an Organized Oilfield Theft Prevention Unit within the Department of Public Safety to combat theft involving oil and gas equipment in Texas, sponsored by Darby, chairman of the House Energy Resources Committee, Craddick, chairman of the Transportation Committee, Landgraf, chairman of the Environmental Regulation Committee, and Morales, vice chairman of the Energy Resources Committee.
Vander Ranch residents demand action over ongoing water crisis
Out in Greenwood, residents in the Vander Ranch development have been dealing with on-and-off boil water notices for the last 60 days.
Water, Reused: Texas Reshapes Liability and Regulatory Rules on Produced Water, Leaves Ownership Questions Unanswered
A decent overview of some of the themes in produced water right now.
Chevron Enters Domestic Lithium Sector
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today the acquisition of two leasehold acreage positions. The first from TerraVolta Resources, whose investor is an affiliate of The Energy & Minerals Group (EMG), and the second from East Texas Natural Resources (ETNR) LLC.
Can water become more valuable than oil?
We have a produced water problem in West Texas, and the Texas General Land Office is working with oil producers like Pecos Country Operating and Diamondback Energy, chemical companies and large backed groups like Five Point Infrastructure to solve this problem. We are Texans and we will get it done!
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