Issue #27 | Old Black Water, Keep On Rollin’

Oilfield Water Weekly

Wednesday October 9, 2019

On behalf of the Oilfield Water Connection team, thank you to everyone who came out to our Industry Update Conference last Friday at the Houston Petroleum Club. Whether you sponsored, spoke or attended – your presence contributed to a highly productive day for the industry we serve.

This well-attended event set the tone for the oilfield water management business into year-end and 2020. All of the panels and presenters knocked it out of the park. Some of the many highlights include:

  • Solaris CEO Bill Zartler devoted much of his keynote slot to Q&A, and the thoughtful questions asked and answered during that session advanced the industry knowledge curve
  • Audience engagement on the Chevron panel was also extremely high, with questions from other big operators steering the discussion in a way that gave vendors unparalleled insight on business development
  • Wood Mackenzie presented their in-depth Permian water type curve analysis for the first time publicly, challenging everyone in the room to think deeper about water production forecasts – an issue critical to valuations, transactions, and infrastructure investment
  • Our land owner panel gave a voice to some of the Permian’s longest tenured stakeholders, helping industry executives better understand how to get land deals done around water
  • Market trends in full-cycle oilfield water management were explored by Brent Halldorson’s talk, the commercial evolution panel discussion, Marshall Adkin’s macro outlook, and a great sustainability/policy presentation from Kylie Wright

And of course, no Oilfield Water Connection event would be complete without a lively networking reception with some classic water tunes playing in the background. Familiar strands of the Doobie Brothers classic “Black Water” closed out another successful event…

Please save the date for our next event, which will be held in DFW May 27-28, 2020… more details on our Oilfield Water Markets 2020 Conference are coming soon.

And now, here is your weekly oilfield water business news digest…


News Digest

Hamm’s Continental Is Said to Mull Sale of Stake in Water Unit

This headline probably won't surprise too many of our readers. Management's body language suggested more water deals could be in the works after their sale to Lagoon earlier this year. Now Bloomberg reports that the E&P operator is exploring a sale of a non-controlling stake in its water unit...

Goodnight Midstream Announces $500M Investment From Tailwater Capital

Goodnight's CEO said: "This investment will provide a significant amount of equity growth capital from a trusted partner who understands that long-term growth in this sector requires a strong balance sheet..."

5 Questions Answered By The Oilfield Water Connection Event On October 4, 2019

What keeps operators up at night the most when it comes to the full-cycle water supply chain in the Permian Basin today?

Big Oilfield Recycling Market Estimate From NMOGA's Meeting This Week

Crestwood's Robert Phillips said: "Midstream is forecasted to spend more than $10 billion on water recycling resources in the next 5 years."

Rystad Spotlight On Permian Frac Water Forecasts

Rystad Energy expects frac water demand across the US to hit 4.9 billion barrels in 2019, with 2.28 billion barrels taking place in the Permian Basin...

Rattler And Oryx Announce Joint Acquisition Of Reliance Gathering

"The acreage dedicated to Reliance Gathering encompasses some of Diamondback’s highest rate of return projects and deepest levels of inventory at current activity levels, which we expect will support continued production growth for years to come,” stated Travis Stice, Chief Executive Officer of Rattler’s general partner...

PHMSA’s New Rules Aim To Overhaul Pipeline Safety

On October 1, 2019, the Pipeline and Hazardous Materials Safety Administration (“PHMSA”) published three final rules relating to the transportation of hazardous liquids and gas along regulated sectors of the nation’s infrastructure. As published, the final rules, and their overall impacts, include the following...

Bison Bull Rush In The SCOOP/STACK Water Midstream Sector [Aqua Men]

North Whipple is on a roll. His Oklahoma water midstream company, Bison, is press releasing deals faster than just about any other firm in the Lower 48 water midstream space in 2H19...

Extraction Announces Startup of Elevation Midstream’s Badger Central Gathering Facility

Elevation Midstream has begun moving crude oil, natural gas and water through its Badger central gathering facility (“CGF”). Extraction also provided 2020 capital budget guidance for Elevation...

Colorado's Water Supply Plan Could Get A Big Boost From Sports Betting

A proposition on the November ballot could legalize sports betting by taxing licensed casinos' profits off the games, with the money to benefit the state's water supply plan...

In NM, More Questions Than Answers On Produced Water Reuse

While fresh water supplies in the state are slowly dwindling, oil and gas activity generates millions of gallons of produced water each year. The state is currently deciding how best to regulate the use of treated produced water, while researchers, oil and gas producers and other companies are trying to find new uses for the wastewater...

Waste Water Disposal Holds The Key To NM O&G Development

Who could argue with anyone wanting to find environmentally sustainable solutions to treating and reusing the produced water associated with oil and gas development? It is a PR-must for the industry powerhouses who have trillion-dollar stakes in the Permian Basin and need to be seen as responsible corporate citizens...

A Million Dollar Pledge Kickstarts New Mexico Produced Water Research Consortium

NGL Energy Partners Executive Vice President of Water Solutions Doug White announced the company would pledge $1 million to the consortium’s efforts...

In the Marcellus, A Legal Battle Over Wastewater Wells Rages On

A long-running legal battle, which is being watched statewide for its potentially precedent-setting outcome, pits a township against the DEP, which approved a permit for an injection well in 2014 and again in 2017...

Hess Provides Updated Water Guidance

Water gathering volumes are anticipated to average 55 to 65 Mbl/d in 2020...

Downstream Recycling: A Refinery Takes Steps To Use Recycled Water

Meridian Davis, the refinery that boasts it will be the greenest refinery on the planet when completed, has put another green feather in its cap....

Frontier Sells SWD Assets To Snyder Energy

On October 1, 2019, Frontier Oilfield Services, Inc. sold its Salt Water Disposal wells held by its wholly owned subsidiary Trinity Disposal and Trucking, Inc. (“Trinity”) to Synder Energy for a revenue sharing agreement and Synder’s continued management of Trinity’s SWD well operations...

Drilling Down: Private Equity-Backed Drillers Heat Up Permian Basin

Oil majors and large independent exploration companies are beginning to dominate the Permian Basin in West Texas, but smaller, private equity-backed companies are still doing a lot of drilling...

ZwitterCo Awarded $1.25mm DOE Grant For Water Projects

The goal of the funding is to develop technologies that will economically treat produced water to reduce deep well injection and reuse the clean water for beneficial purposes outside of the oilfield...

New Mexico Pilot Program Launched In Line With Governor Grisham's Sustainability Goals

The pilot was announced following the NM Produced Water Research Consortium held in Las Cruces recently...

And In The Remote Reaches Of The Land Down Under... Frac Water's Also A Hot Topic...

With 51 per cent of the Northern Territory covered by exploration licences for oil and gas, Aboriginal communities and pastoralists are coming under enormous pressure to sign off on permits to open up their traditional country to fracing...

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