Here is this week’s industry news & analysis…
News Digest
LandBridge Announces Long-Term Surface Use and Pore Space Reservation Agreement with Devon Energy
10-year agreement reserves 300,000 bpd of low-pressure pore space capacity on LandBridge surface acreage. Agreement includes a 175,000 bpd minimum volume commitment by Devon...
Aris Water Announces Seven-Year Extension of Water Gathering and Disposal Agreement with ConocoPhillips and Provides Operational Update
This extension further aligns the interests of both parties and complements their recently executed long-term water supply contract. Aris will continue to provide long-term full-cycle water infrastructure services to ConocoPhillips, including recycled water supply, produced water transportation and produced water handling operations in the Northern Delaware Basin.
WATER TALENT POOL: Mike Vitello Update
Long time CNX water lead Mike Vitello has moved on to run TNT Excavation and will continue to advance northeastern water management in his new role...
WATER TALENT POOL: Chris Church Update
Chris also a former CNX'er has joined Michael Vitello, also as a principal at TNT, where they will serve the oilfield industry in the Marcellus/Utica. Both moves just hit Linkedin and we look forward to seeing how these leaders impact the industry in their new roles...
Desalination Tech Targets Shale Plays’ Produced Water Challenge
U.S.-based Aquafortus is using a novel desalination technology to transform produced water in the Permian, Midcontinent and other basins.
Five Point Infrastructure Announces the Sale of Northwind Midstream to MPLX LP
Transaction values Northwind at $2.375 billion
WATER EARNINGS SEASON: Select Results
Increased Water Infrastructure Revenue and Gross Profit by 12% and 17%, respectively, in the second quarter of 2025 relative to the first quarter of 2025.
WATER EARNINGS SEASON: Delek Results
"Looking ahead, we will continue to execute on our priorities of running safe and reliable operations, making further progress on midstream deconsolidation, improving cash flow generation, and delivering shareholder value while maintaining our financial strength and flexibility," Soreq concluded.
SUSTAINABILITY REPORT ALERT: Civitas
The company noted they retrofitted 350 facilities across their operations to proactively reduce the risk of spills with targeted upgrades to material
selection and system integrity. Those upgrades included exchanging carbon steel and fiberglass legacy components such
as flowlines, water legs, and ancillary piping for stainless steel parts to reduce the risk of internal corrosion, a predominant
cause of spills...
SUSTAINABILITY REPORT ALERT: Kinetik
They are permitted for 570,000bpd of water injection capacity...
Permian Fracking Tumbles on Trade, OPEC Uncertainty, CEO Says
Fracking in the Permian Basin is throttling back faster than expected amid tariff uncertainty and OPEC+ production hikes, according to one of the biggest pressure pumpers in North America’s most-prolific oil region.
Sliding US rig count outpaces efficiency gains, threatening onshore oil output
The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could fall in early 2026.
Chevron tops 1 million barrels per day in Basin
The Chevron Corp’s strategic focus on expanding its production capabilities, particularly in the Permian Basin and LNG sectors, has positioned it well for future growth.
Energy Transfer Announces FID On $5bn Gas Pipeline
The Desert Southwest pipeline expansion project consists of 516 miles of 42-inch pipeline and nine compressor stations in Arizona, New Mexico and Texas. Originating in the Permian Delaware Basin, it runs west through NM and into AZ.
Diamondback (FANG) Q2 Revenue Jumps 48%
The company’s asset base has expanded rapidly, mainly in the Midland and Delaware sub-regions of the Permian Basin. Recent activity included the drilling or completion of over 120 wells, predominantly in Midland, providing it with flexibility to respond to macro shifts and maintain production over several years.
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