Just hours after last week’s big Solaris Water Midstream deal splashed across the newswires, we were honored to officially announce the company’s CEO as our next Keynote Speaker.
Solaris CEO Bill Zartler’s remarks will open the “Oilfield Water Industry Update Conference,” which is fast approaching on October 4, 2019.
This timely address from one of the water midstream industry’s foremost leaders is just one of the many reasons why this conference will be a can’t miss event. Our actionable October 4 agenda will keep you at the edge of your seat with discussions that really matter for business folks all day.
We hope you’ll make plans to join us on October 4 in the prestigious Houston Petroleum Club to network and hear the latest perspectives of Bill Zartler and the rest of our star-studded speaker lineup. The hotel block is now open at the Hyatt across the street from the venue with a limited inventory of discounted rooms. This will be a great day of discussion about the business trends and opportunities surrounding the oilfield water molecule, and we look forward to seeing you there.
And now the top oilfield water business headlines of the week… where water earnings report takeaways and dealmaking news are the themes de jour…
News Digest
Oilfield Water Connection Announces Solaris Water Midstream CEO As The Keynote Speaker For October 4, 2019 Conference
Beginning with Bill Zartler's opening remarks, this one-day event will further an engaging executive discussion that began at the Oilfield Water Connection’s sold-out inaugural water finance event in June...
Solaris Water Midstream And Concho Resources Form Joint Venture For Produced Water Management In The Northern Delaware Basin
Concho is contributing water infrastructure assets to Solaris Water in exchange for cash and equity. Solaris Water will manage Concho’s produced water gathering, transportation, disposal and recycling for an approximately 1.6 million-acre area located primarily in Eddy County, New Mexico...
Just Add Water… And You Get 3 M&A Deals In 12 Hours
On Wednesday a week ago, three notable produced water (PW) deals were announced. A fourth was announced the day after. M&A involving Lower 48 oilfield water systems is hands-down the...
It’s Not Just E&Ps That Are Separating Oilfield Water Midstream Businesses…
We've seen plenty of E&P divestitures of water midstream assets to third-party water pure-plays over the past 12 months. But oilfield service firms can also benefit from...
Basic Energy Services Launches New Water Midstream Company With Permian Basin Focus
Fort Worth oilfield services company Basic Energy Services is launching a new subsidiary that will focus on moving and disposing of oilfield wastewater in the Permian Basin and other shale plays...
Select Energy Services Highlights "Full Life Cycle Solutions" In Operations Update
Select Energy Services reported 2Q19 earnings after the close yesterday, and CEO Holli Ladhani said: "As we navigate a market that requires ever greater efficiency from service providers, our breadth of capabilities and pristine balance sheet enable us to bring full life cycle solutions to our customers..."
Rattler Midstream's First Earnings Report Reveals Produced Water Volume Growth
Rattler Midstream reported earnings as a public company for the first time yesterday evening after the close. During 2Q19, Rattler's average produced water volumes were 770 MBbl/d, up 8% q/q and +256% y/y. Average fresh water volumes were 448 MBbl/d, up 27% q/q and +104% y/y/...
New Laws Could Pump Billions Into Permian’s Rapidly Growing Water Recycling Industry
Water has become the lifeblood of the modern energy industry with hydraulic fracturing using high-pressured slurry of water, sand and chemicals to unlock oil and gas from shale formations in Texas and across the country. In the arid Permian Basin, the nation’s most productive oil field, drilling and fracing...
Why Shale E&P Is Going Green – Interesting Factoids About Cost Savings In Water, E-Frac & Solar Initiatives
For many years, EOG has been the industry leader in completion design, technology and reservoir exploitation. Now they are leading the charge on a new front for operators as well: "going green." Here's a look at why, their latest initiatives, and those of others - all with a heavy focus on oilfield water...
Intrepid's Water Sales Ramping Up In The Delaware
In their 2Q19 earnings release after the close yesterday, Intrepid management said: "we expect water sales to ramp up in the second half of the year as water-transfer infrastructure and takeaway capacity increase in the Delaware Basin. We continue to expect total water sales for the year towards the high end of the $20 million to $30 million range..."
NGL Energy Partners Teams Up With Intrepid On Delaware Disposal Opportunities
Intrepid Potash, Inc. along with NGL Energy Partners purchased 652 acres in Loving County, Texas, and near the Intrepid South ranch for the purpose of developing a produced water disposal facility...
Bison Acquires Overflow Energy's Water Infrastructure in the SCOOP and Merge
Bison (an Oklahoma water infrastructure, logistics, and solutions provider) announced its acquisition of Overflow Energy's water infrastructure, permits and development plans in the prolific SCOOP and Merge plays of Oklahoma's Anadarko Basin...
WSJ: Oil Has A Shale Problem, Not An Oil Problem
The earnings erosion at Concho Resources underscores investors’ concerns are with spending on shale, not spending in general, writes the Journal...
Drill Baby Drill…And Not Just For Oil [Laura Capper Op-Ed]
Laura Capper, a speaker at our recent oilfield water conference in June, wrote this week that: "The value of clean water has changed so dramatically in recent years that “water is the new oil” is becoming a buzzword. That’s good news for our friends in the burgeoning wastewater treatment, transportation, and recycling market..."
Majors Expected To Drive Next Wave Of Permian Production
The majors, with their re-entry to the Permian Basin, also bring midstream and downstream assets. The size and strength of their balance sheets give them leverage in negotiating service contracts, pipeline capacity and other logistics...
WATER TALENT POOL: SitePro Adds To Management Team
Johnathan Cox is joining as Chief Operating Officer; Josh Cobb as Chief Financial Officer, and Brendan Bean as Vice President of Corporate Development. Additionally, Michael Chavez has been promoted to Vice President of Sales and Marketing...
From The Other Side Of The Aisle: Fracing’s Dirty Water Problem Is Getting Much Bigger
Reusing fracing wastewater not only can have high levels of salts and chemical contaminants, but it also can be radioactive....
California’s Biggest Spill In Decades Brings More Defiance Than Anger From Locals
Hardly a day goes by without reports of the growing oil leak in nearby Cymric oil field. So far, more than 900,000 gallons of oil and brine have oozed from an oil major's well and filled a dry creek, creating a hazardous black lagoon...
Alberta Oil Industry May Be Key To Solving Lithium Shortage
Fittingly, E3 Metals is going to begin with the wells in the Leduc reservoir — the find that got Alberta started in the oil business. It is 95% brine water and contains billions of cubic litres, which is enriched with lithium at a depth of 2,500 metres...
How Clean Should Produced Water Be For Recycling? [Sponsored Content About Water Appears In The MRT]
“It depends - not as clean if you can re-use it immediately, more clean if you need to store it for more than a week.” Here are some of the main variables that help answer that question...
Caliber Midstream Acquires North Dakota Assets from American Midstream Partners
“We want to be the partner of choice across all aspects of our business, from crude oil gathering and transportation, natural gas gathering and processing services to freshwater sourcing and produced water management," Caliber Chief Executive Officer and President Daniel Werth said...
Catapult Water Midstream Cuts The Ribbon At Berland Complex - Its 3rd Water Management Site Southwest Of Fox Creek, Alberta
One of the company's co-founders, Ryan Kaminski, gave a heartfelt speech at the grand opening ceremony of the company's Berland Complex...
Center For Biological Diversity Sues Over Oil Waste Dumping
The Center for Biological Diversity filed a notice of its intent to sue the U.S. Environmental Protection Agency for ignoring threats to endangered wildlife in its recent approval of an aquifer exemption in the area around the Arroyo Grande oilfield...
Virginia Orders Mountain Valley Pipeline To Stop Work Over Water-Control Issues
Virginia regulators ordered Mountain Valley Pipeline to halt construction activities on a section of the 2 Bcf/d natural gas pipeline project, warning of "imminent and substantial adverse impact" on water quality in the area if work continues.
What’s In The Way Of This Texas Pipeline? A Cute Songbird.
The warbler is at the center of a fight between Kinder Morgan and landowners in the Hill Country who want to block the company’s proposed pipeline through the 25-county region...
And Finally... A Solid Recap Of Last Week's Water Midstream M&A From Our Friends At SPE OGF Magazine
Water management is still a hot topic in shale plays all over the United States, and a pair of deals announced last week underscored the desire for emerging water midstream companies to grow their market shares in popular areas...
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