Do you remember the American general-interest family magazine Reader’s Digest?
Ok…ok… so maybe we are showing our age a little bit around here, even though the publication is still around. Before the Internet came along though, that little paperback was a must-read page-turner.
Reader’s Digest was the original click-bait before “clicking” even existed. The magazine packed a big punch in a small package, which is exactly what today’s copy of Oilfield Water Connection Weekly Digest does.
From start to finish, this week’s edition is full of actionable intel with 30+ notable articles from the past 7 days. From M&A to HSE to fund raising… and the water talent pool… and competitive landscape analysis… and voting/regs… and etc.… we are just going to get out of the way here and let readers digest the host of new oilfield water information in today’s edition.
The only housekeeping note we will leave you with is that online registration has officially opened for our big Oilfield Water Markets 2020 Conference. You don’t want to miss this one folks. The venue, content, and networking opportunities (including a pre-event outing at Cowboys Golf Club) are second to none.
Early bird pricing for seats and a limited number of sponsorship opportunities are now available to everyone at this link. And… we are pleased to announce that our first industry sponsor has already hopped on board. Hat tip to XRI/Fountain Quail (check out their new website) for their commitment to be a part of this event literally from day one!
To provide additional value-add to all sponsors making this event possible, we will be announcing sponsor signups regularly in the newsletter going forward. So click here to see how to put your brand name in front of the industry’s top minds and decision makers both now and again in May 2020.
We hope you enjoy the digest for readers below that encapsulates the past week in full-cycle oilfield water management news & analysis…
PS: 1) Happy Halloween, 2) Go Astros (while Houston readers are no doubt waking up disappointed, there’s nothing quite like a Game 7 in the World Series!), 3) We scheduled this newsletter send BEFORE the Tallgrass Energy call this morning – we’ll be listening!
News Digest
Palisade's Plan To Pipe Lubbock's Non-Potable Water To The Permian Oilfields Gets Funding From Macquarie
Palisade Pipeline announced a deal with Macquarie Capital for the development capital to fund construction of a high capacity water pipeline to deliver non-potable, sustainable reclaimed water from the City of Lubbock, Texas to the Permian Basin...
The First Multi-Day Oilfield Water Markets Conference Opens For Registration
Hundreds of decision-makers will gather at The Gaylord Texan on Lake Grapevine just north of DFW Airport from May 26 to May 28, 2020 to learn, share and connect. Oilfield Water Connection announces that registration has officially opened to sponsors and attendees for the Oilfield Water Markets 2020 Conference...
Oilfield Water Deal Watch List: Crossing One Off, Adding Another
This week, a potential deal Infill Thinking has been listening for since May was announced. Separately, another E&P operator provided an update on their strategic review of oilfield water, which is likely to lead to a transaction by early 2020...
Antero Midstream Writes Off Nearly Half A Billion Bucks On Idled Produced Water Treatment Plant; Evaluating Strategic Options For Facility
Antero Midstream idled its Clearwater wastewater treatment facility in 3Q19 after it failed to perform. As a result, Antero Midstream incurred a $457 million non-cash impairment and is now evaluating strategic options for the future of the plant... conference call at 10am MT today will provide more details...
Oilfield Water Logistics Acquired By InstarAGF From NGP Energy Capital Management
Deal value wasn't disclosed, but recall that Bloomberg in May estimated the deal could command $600mm when they reported OWL was being shopped...
HSE Risk: Local News Hit Piece On XTO For Water & Sand Dumping Claims
A video was sent to the local news in the Permian by a man who claims the energy company has been dumping hazardous waste improperly for years...
HSE Risk: 'This is Bad': Saltwater Purge Lasts Over A Month In Oklahoma STACK Even After Devon Plugged Wells
A local news video piece from Kingfisher County reports that the saltwater bubbling up on some farming property and contaminating soil is only getting worse even after Devon plugged three nearby inactive production wells and took SWDs offline. Commission staff has directed a shut-in extension as investigation continues...
Marathon Water Recycling Update Gets Folks Talking [See Comment Chain]
“Marathon Oil Corporation led a ♻️ legislative initiative to remove barriers to using produced water in NewMexico. The Produced Water Act enables Marathon and other operators to recycle produced water and transport it across lands for hydraulic fracturing operations instead of having to buy fresh water from landowners..."
Solaris Begins Recycling Produced Water At Bronco Facility; Solaris Is Recycling For Marathon
Solaris Water Midstream has started produced water recycling at the Bronco facility off of their extensive gathering infrastructure in Lea county, NM. Based on other posts, we understand they are recycling for Marathon (see story above)...
Mapping The “Born On Date” For The Booming Modern Oilfield Water Universe [Chart Of The Day]
Here’s a timeline of the formation of the modern oilfield water universe comprised of nearly 160 companies spanning the gamut from midstream to disposal to recycling/treatment to service, transfer, software, technology etc. It's amazing how many have been formed this cycle...
Oilfield Water Logistics Awards HR EPC A Contract On Big NM Waste Management Facility
Oilfield Water Logistics, LLC is developing a 540-acre, oil and gas Commercial Surface Waste Management Facility between Jal and Carlsbad. As only the 4th permit ever issued in New Mexico, the facility is the largest of its kind...
Crestwood Reports Bakken Water Surge; Growth Capex
In 3Q19, Crestwood reported a 52% increase in Bakken produced water volumes and invested $66mm of growth capital for the Bear Den II processing plant, Station 8 compression facility, and natural gas and produced water debottlenecking and system expansions...
Bobcat Group Discussed Partnering With Iconic Landowners To Optimize Shale's "Lifeblood"
Shea Morenz writes: "A few weeks ago, I got to discuss logistical optimization in the Permian Basin at the 2019 Oilfield Water Connection Industry Update...."
WATER TALENT POOL: 3 Bear Energy Hires Their New CEO Away From Enable Midstream
3 Bear Energy, LLC announced today that effective November 4, 2019, industry veteran Craig S. Harris will join the Company as its Chief Executive Officer. Craig joins 3 Bear from Enable Midstream Partners, L.P., where he served as Executive Vice President and Chief Operating Officer....
WATER TALENT POOL: Enable Tips Hat To Departing Executive, Announces Transition Plan & COO Search
Enable Midstream's COO Craig Harris is heading over to lead 3 Bear Energy as mentioned above, and Enable's CEO wished him Godspeed in a press release announcing the transition plan and the search for his replacement...
WATER TALENT POOL: HR Firm Interviews WaterBridge Exec About Oilfield Water Issues Including Hiring
Michael Neese, Sr. VP of Engineering and Technical at WaterBridge Resources LLC: "I ask my teams to not become defined by their job position and individual function but to be recognized by how they support their team and how their team produces the results that makes us all a success..."
Limits On Disposal Will Soon Require Alternatives
Karr Ingham: "Over 90% of produced water is returned to the ground via injection in saltwater disposal wells. While disposal wells will always be a sizable part of the produced water management portfolio, developing limitations in disposal capacity will soon necessitate other practices capable of dealing with high volumes of produced water..."
Oilfield Water At The TX Ballot Box 1 - What's At Stake As Early Voting Ends This Week
Early voting in Texas’ constitutional amendment election ends on November 1, and voters are deciding on 10 proposed constitutional amendments including one on general obligation bonds by the Texas Water Development Board...
Oilfield Water At The TX Ballot Box 2 - What Does Proposition 2 Mean For Texas Water?
Implications and background here...
PBPA Panels Discuss Legislation To Affect O&G & Water
“Each time water changes hands in the business sense, liability goes with it,” said Secretary James Kenney of the New Mexico Environment Department....
Officials Warn Brine Well Remediation Project Could Cost $9mm More
State Rep. Cathrynn Brown (R-55) said an estimated $9 million shortfall in funding for the remediation of the Carlsbad Brine Well may force the implementation of a 10 percent contingency plan to complete the project...
I-Bankers Land At TPLT... What Does A Potential Energy Banker Exodus Mean For The Future Of The Oil Patch?
Did you know that two senior investment bankers just landed at Texas Pacific Land Trust? Infill Thinking adds that soundbite and builds a compelling thought piece around some excellent reporting from Bloomberg...
Reminder: Tallgrass Energy Reports Today - Listen For Take Private Offer Discussion
Investors relations link below as we are scheduling this newsletter to ship prior to the earnings release and conference call on 10/30/2019...
Oilfield Chemistry Marches Forward, Keeping Water In Focus
Water is a precious resource for both the oil and gas industry and the communities in which it operates...
O&G Wastewater In Our New Mexico Chile?
An opinion piece that is worth reading, considering, and taking into account from Bill Midcap, senior policy advisor with the Rocky Mountain Farmers Union...
Aureus Water Treatment Platform Arrives In Permian
From the Canadian oil fields of Calgary, Alberta, Aureus Energy Services is entering the Permian Basin after gaining a U.S. foothold in the Rocky Mountains...
Marcellus Lithium Recovery Project Gets Underway
Caveat: this press release is pretty "salesy." But it is notable that MGX and Eureka launched their first commercial rapid lithium recovery system in the Marcellus and extracted lithium chloride last week...
PODCAST: Peter Lake, Texas Water Development Board [ 40 minute listen]
Texas+Water Editor-in-Chief Dr. Todd Votteler talks with Peter Lake, Chairman of the Texas Water Development Board. Lake has served as a Board member of the Texas Water Development Board since December 15, 2015. Governor Greg Abbott designated him Chairman in February 2018....
Investors Brace For Poor Shale Earnings
Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations....
What Does The US Rig Count Collapse Mean For Water Production?
A common concern we hear from water infrastructure companies these days is "will operators drill and produce like they say they are going to as we are investing in water infrastructure to the volumes operators specify?" While production is buffered from the more extreme cyclical gyrations at the drill-bit, this risk is becoming a bigger issue for third-party water management development and contracting as the downturn worsens... and it warrants rig count monitoring...
Finally Today... A Global Water Interest Piece
This special from the Texas Standard is titled 'Drop By Drop' and covers water's role in our interconnected world...
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