Produced Water’s biggest event remaining left on the 2025 calendar is picking up steam. Concept Tanks and Lightning Dome Protectors joined the sponsor list this week, which now totals over 20 great companies. There are only 2 sponsorships left for this important event! Speakers are being added daily. Join everyone there on 10/30 at the Houstonian: https://oilfieldwater.com/owupdate7/
Here is this week’s industry news & analysis…
News Digest
Five Point-backed WaterBridge eyes up to $2.3 billion valuation in US IPO
WaterBridge is seeking a valuation of up to $2.28 billion in its initial public offering in the U.S., the oilfield water management company said on Monday, underscoring strengthening momentum in the new listings market.
WaterBridge Infrastructure Sets Terms For $500mm IPO
The Houston, TX-based company plans to raise $500 million by offering 27 million shares at a price range of $17 to $20. At the midpoint of the proposed range, WaterBridge Infrastructure would command a fully diluted market value of $2.1 billion.
PDS Energy Assumes Operation of DOE’s PARETO AquaTrade Platform to Accelerate Produced Water Reuse Across U.S. Basins
Leveraging trading algorithms from power markets to match counterparties, PDS deployed AquaTrade on its existing Frac Interference Exchange network in a move that brings over 400 operators together to solve the industry's pervasive produced water management challenges. As part of the AquaTrade launch, PDS is opening a new office in Midland, Texas, to support Permian users.
PA DEP Reports Half of Eureka 16,000 Gal. Wastewater Leak Recovered
Pennsylvania Department of Environmental Protection (DEP) provided an update on the cleanup of the spill from the closed Eureka Resources frack wastewater treatment facility in Williamsport (Lycoming County), PA
ConocoPhillips Is Latest U.S. Oil Producer to Announce Major Layoffs
The Houston-based crude producer said it would cut up to a quarter of its workforce, or about 3,250 employees.
From Coke to Crude: ExxonMobil Pumping Refinery‑Sourced Proppant in Hundreds of Permian Basin Wells
The US supermajor is using one of its lowest-value hydrocarbon products to generate double-digit production increases in its most prolific US asset.
Aquality Provides Update on Energy Saving Initiative
LinkedIn post indicates their Permian pilot is showing good results.
Wyoming Case Exposes Challenges Of Stopping Illegal Oil Field Waste Dumping
Federal investigators have documented a series of illegal oil field waste disposal cases across the American West. Most recently, two Wyoming oil field supervisors were sentenced for directing crew members to bury contaminated waste in Carbon County.
Oped On Texas Fight Over Produced Water Rights
On June 27, the Texas Supreme Court issued the long-awaited decision in Cactus Water Services LLC v. COG Operating LLC. The state’s landowners and ranchers hoped the court would recognize that groundwater, regardless of whether it’s clean drinking water or produced water as a result of oil and gas production, belongs to the surface owner.
The prairie chicken's gone. Who's next on Texas's endangered list?
The lesser prairie-chicken is no longer protected under federal law, and several other endangered Texas species could soon meet the same fate.
Oil Tycoons Bet Big on Trump. It’s Paying Off.
Administration opens land to drilling and moves to roll back environmental restrictions and hobble renewable energy; but crude prices have dropped
Trump moves to slash public lands rule in favor of energy development
In a press release, Secretary of the Interior Doug Burgum said overturning the rule “protects our American way of life and gives our communities a voice in the land that they depend on.”
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