Have you read Bloomberg’s deep dive piece on Fasken Ranch published yesterday yet? It’s our top entry in today’s news digest, and a really solid story from top to bottom.
We read the story in Midland, just a few miles away from the ranch’s corporate office. As this news digest finds your inbox, we are heading over to the offices of Pioneer Natural Resources to participate in the Permian Basin Water Management Council meeting. If you are attending today, please say hello.
The Council is a 285-member organization (comprised mostly of operators) that has been studying Basin oilfield water for about a decade. The Council’s origins trace back to a specific focus on frac water, but their scope now encompasses full-cycle oilfield water management.
At today’s Council meeting, Oilfield Water Connection has been invited to share a few thoughts on both frac sand and water trends with Council members. We will also preview our October 4 Industry Update Conference for the group. This fast-approaching event is the sequel to our sold-out inaugural Oilfield Water Finance conference in June, offering a strong agenda with unique topics and speakers.
Sponsorships for our October 4 event sold out last week, and the conference will be well attended with north of 100 confirmed attendees already and many more indications of intent to register. Please take a look at the latest agenda today, and then act now to reserve your seat if you’d like to join us and all the decision makers that will be there (click here to start).
And now for the week’s top news stories… starting with the piece on Fasken Ranch…
News Digest
He Paid $1.50 An Acre For Barren Texas Land Now Worth $7 Billion [FASKEN RANCH DEEP DIVE]
Back in 1913, when Toronto attorney David Fasken paid $1.50 an acre for plains outside Midland, the plan, according to lore, was to make a fortune raising cattle. There was too little water for that to happen. So today, instead of shipping in fresh water for the drilling process, the company uses mostly recycled or nonpotable H₂0...
A New Facility At The Levelland Industrial Rail Park Is Being Built To Supply Chems For O&G Water Reuse
Enviro Tech Chemical Services plans to break ground on a 75,000 sq. ft. facility in Levelland, Texas on Sept. 20. The new facility will initially process around 10,000 tons of domestically sourced raw materials a year, including water treatment chemicals for O&G...
Produced Water Reuse Is Rising, But The Ceiling Is Still High
The Infill Thinking team writes about the drivers of the water reuse trend among E&Ps and looks ahead in an assessment of the next potential leg up...
This Isn't A Political Newsletter But... Risks To Oilfield Activity Are Within Scope. And Here's a Big Threat...
A 2020 US Presidential race candidate tweeted a threat of the most extreme action against the US O&G industry that we've ever heard from a serious candidate. Specifically, a nationwide frac ban. In this post, you'll see a screenshot of the tweet and a well articulated response from the president of the Colorado O&G Association that includes the potential impact on Colorado water projects in this extremely unlikely scenario...
Sponsorships Sold Out Well In Advance Of Oilfield Water Industry Update Conference
With a full month left to go until the Oilfield Water Connection Industry Update conference on October 4, all premium and exhibitor sponsorship opportunities were reserved. The exhibit hall will be full of great companies to meet and exciting solutions to learn about. In response to high demand from industry leaders, we are opening one more opportunity for recognition at the event...
Over My Dead Body... IOGCC Passes TX RRC Resolution Opposing Green New Deal
"Over my dead body will I allow out-of-state forces to eliminate jobs, decrease state revenue, and increase the cost of living on the constituents I represent," continued Christian. "I am proud to stand with my fellow regulators from across the nation and strongly urge the federal government to oppose the Green New Deal..."
Priority Power Closes Acquisition of EE Partners
Midland-based EE Partners offers specialized electrical engineering and technical services. EEP will strengthen Priority’s electric infrastructure solutions including the development of private microgrids that deliver optionality to customers...
Water-To-Oil Ratio By Basin Over Time [Chart]
"Key takeaway here is that West Texas is at the center of this boom..." (note - if you want a full copy of the report referenced in this post, please reply to this email and we will send it over - we obtained permission from the author to share the report with Oilfield Water Weekly readers in July and you can come hear its original author speak at our October 4 conference)...
And This My Friends Is What The Whole Water Game Boils Down To... [Chart]
"When I see these curves (particularly for the Permian), this level of growth seems almost unreal. Typically, we find this level of growth in the software world, not in real, physical things..." (note - if you want a full copy of the report referenced in this post, please reply to this email and we will send it over - we obtained permission from the author to share the report with Oilfield Water Weekly readers in July and you can come hear its original author speak at our October 4 conference)...
Drilling Down: Denver Saltwater Disposal Well Operator Makes Permian Basin Push
Over the past week, six companies filed 20 drilling permits to develop saltwater disposal, or injection, wells in the West Texas shale play. Denver oilfield water company Felix Water led the pack by seeking permission to drill 13 injection wells on its Pbar SWD lease in Loving County....
Oil & Gas Majors Sign Deal To Pilot Blockchain In Bakken Oilfield Water Hauling
The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp, ConocoPhillips, Exxon Mobil Corp, Equinor and Royal Dutch Shell, among others, has awarded a contract to Data Gumbo to pilot the technology for water handling services in the Bakken shale field in North Dakota...
B3 Insight Video On Permian Subsurface Pressure Distribution
Robert Bruant, B3 Insight's Product Director, has been continuing his work on evaluating subsurface pressure distribution associated with water injection for disposal purposes in the Permian Basin. This video share some charts from his work and talks through some modeling nuances...
WATER TALENT POOL: Redacted List Of Water Midstream Positions Shared By A Recruiter
A staffing company representative posted a list of several water midstream jobs, most of which call for SWD experience...
Texas Alliance Of Energy Producers Announces New Corporate Plan
The move was announced in the organization's latest NewsLine publication, which you can see in full here...
Why Invest In Water Infrastructure? Midstream Strategy, Oil & Gas
An analyst writes in a risk/reward assessment of private equity activity in oilfield water: "With activity ramping up, there exists a paradox of too much and not enough water at different parts of the oil and gas value chain in the Basin..."
Meeting SDG 12 Requires Addressing Drilling Waste
Drilling waste is the second-largest waste stream generated by oil and gas companies. Unlike produced water (the largest waste stream), which is disposed of by underground injection, drilling waste is usually managed on land because its solids content is too great for underground injection...
Austin City Staff Reports On Risks Of Natural Gas Pipeline Through Edwards Aquifer
On Aug. 28, the city of Austin's Environmental Officer Christopher Herrington provided a memorandum to City Council regarding the planned Kinder Morgan “Permian Highway Pipeline” intended to transport natural gas from West Texas...
Shale Water Innovator Earns $7.2M Investment
Sourcewater has been working for more than five years to serve the water industry. With the funding, from Bison Technologies, the company will add to its team...
Grand Opening for UW Engineering Education and Research Building Sept. 13
The University of Wyoming will celebrate the grand opening of the new $105 million Engineering Education and Research Building (EERB) at 11:30 a.m. Friday, Sept. 13, with a ribbon-cutting ceremony and tour of the new facility.
Water Management: Service Providers See Pipelines, Recycling As The Future [PAYWALL]
Pipelines are the future of water management in Canada’s upstream oil and gas sector, say companies providing these services, as the volumes required in contemporary operations simply makes trucking impractical...
Subscribe
Looking to stay connected in the rapidly evolving oilfield water management business? Look no further than the Oilfield Water Connection’s Weekly News Digest.
Subscribe to get our carefully curated summary of relevant water news and analysis delivered to your inbox each Wednesday morning
Share Your News
Send us your press releases and any other news articles which you believe would be of interest to our readers. Email submissions to hello@oilfieldwater.com
Advertising
Do you provide oilfield water technology, or service? Advertise in the Oilfield Water Weekly.
LEARN MORE