Issue #37 | It’s The Most Wonderful Time…

Oilfield Water Weekly

Wednesday December 18, 2019

It’s the most wonderful time of the year… to sign up for a sponsor opportunity at our flagship 2020 oilfield water markets conference in DFW next year. 

Before this week’s water market news digest, here are ten great reasons to act now and reserve your sponsorship package before Christmas:

  1. The ultimate stocking stuffer for the analysts, managers, and business development pros in your office is a ticket to share, learn, mix and mingle at the biggest oilfield water event ever to land in the DFW Metroplex. 
  2. Sponsors get to select their exhibit space location in the order they sign up.
  3. Only one of our two platinum sponsorships is still available. Other desirable opportunities – like the Cowboys Golf Club outing – will also be spoken for quickly early-next year.
  4. Paying online before Christmas can utilize leftover 2019 marketing budget dollars that might not carry forward into the new year.
  5. Limited add-on spots are available to boost your visibility in special ways at the event. These will go fast early-next year (scroll to the bottom here to check them out).
  6. Join some great names that have already signed up early to appear at this event.
  7. Getting your logo on the conference website a step ahead of our agenda release in early-2020 ensures that your brand will benefit from our online traffic surge.
  8. Purchasing a sponsorship package before year-end will reduce your company’s 2019 tax liability.
  9. We are able to work with early sponsors to customize opportunities (i.e. displaying equipment). Reply to this email to start a discussion…
  10. Paying online before 2019 is over gives you more flexibility with your 2020 budget.

One more note before you head over to reserve your spot, we are excited to announce the newest sponsor sign-up! R.T.D. Enterprises joined this upcoming event as a Silver Sponsor this week. Did we mention all new sponsor signups get a shout out in this newsletter?

And now, here is your oilfield water business news digest for the past seven days…


News Digest

Positive Read-Through For Felix Water From Monday’s Big E&P M&A Deal [Free Trial To Read]

The dust is settling on another big E&P M&A announcement in 2019, and this one has implications for related water and midstream deal processes as well as 2020 E&P capex spending in the Permian...

Felix Energy Backed By EnCap To Be Acquired By WPX For $2.5bn

Felix, which was formed in September 2015, is focused on the Delaware Basin portion of the Permian Basin in West Texas. Announced Monday, the deal is expected to close in the second quarter of 2020...

Basic Energy Services Is Divesting Pressure Pumping In Part To Fund Growth In Their Water Midstream Business

Given current market conditions, Basic management believes it is appropriate to pivot away from completion-centric pumping services and toward its core production businesses. This divestiture is designed to bolster the Company’s core remaining production-focused businesses of well servicing and water logistics...

Oilfield Liquidator Posts A List Of Basic's Frac Assets For Sale In Excel Download

Repforce is facilitating the complete liquidation of all Basic Energy Services pumping assets. The yards are located across Texas, Oklahoma, Kansas, Colorado, and Wyoming...

Earthquake Reported West Of Mentone Yesterday Morning

According to the U.S. Geological Survey, the 3.4 magnitude earthquake was reported just before 6 a.m. Tuesday morning...

Oil Prices Below Today’s Were Good Enough Last Upcycle [Free Trial To Read]

STAGGERING FACT: 82% of the 2016-2018 drilling recovery (+560 rigs) occurred before WTI oil prices even hit $55. Yet with oil prices averaging over $55 in 2019 and flirting with $60 today, drilling activity has been in free fall. Why? The Infill Thinking research team discusses...

Oil Touches $61 For First Time In 3 Months

Oil briefly touched $61 a barrel for the first time in three months as strengthening outlooks for manufacturing and trade buoyed demand prospects...

WATER TALENT POOL: Water Midstream Operations Manger Position Requiring 10 Years Exp Opens

Requirements: At least 10 years of relevant management experience with midstream Saltwater Disposal facilities...

WATER TALENT POOL: A Nice Milestone For Trinity's General Manager - Permian Basin / Barnett Shale

David Hill begins a 7th year with Trinity Environmental Services....

WATER TALENT POOL: Intrepid Announces Two Executive Appointments

Intrepid Potash, Inc. announced the appointment of Brian Stone as Chief Operating Officer and Kyle Smith as General Counsel - Land, Minerals, Water, Oilfield Solutions and Government Affairs...

2 Shale CEO Changes

Continental and Sandridge each got new CEOS in the same week, under dramatically different circumstances...

2 Oilfield Christmas Carols For 2019: “I’m Dreaming Of The Next Upcycle” and “Jingle Bells, Wall Street Sells”

Each year, Infill Thinking celebrates the Season by word-smithing oilfield trends into a Holiday Classic or two. You can stream this year's tracks here (membership is not required to listen to the first track). Break out the egg nog because these carols are part parody, part market research....

TROUBLE IN SHALE: Permian Decline Rates Have “Increased Dramatically” Amid Ongoing Slowdown

The so-called production “treadmill” is moving faster than ever for shale producers in the Permian Basin—which means only an unlikely increase in drilling activity will stave off a major drop in output...

TROUBLE IN SHALE: Tidal Wave Of Debt Could Threaten The Shale Revolution

Easy money also has financed the shale revolution, which has vastly expanded the supply of domestically produced oil and gas....

TROUBLE IN SHALE: WSJ Recognizes That The Shale Slowdown Is Taking An Economic Toll On Oil Producing Regions

US regions that benefited as fracing boomed are seeing declines in economic activity as producers reduce employment, spending...

TROUBLE IN SHALE: Superior Energy Services Is The Latest Casualty Of Frac Downturn

Oilfield service company Superior Energy Services Inc. on Monday said it will shutter its hydraulic fracturing unit, confirming a report carried in in our "TROUBLE IN SHALE" series in last week's newsletter titled "Another Frac Outfit Completely Shutting Down?"...

RPSEA Launches Program To Leverage Investments In Onshore Research, Including Produced Water

The ROR Program enables members to leverage their research investment to meet their global onshore business needs, specifically in the upstream and midstream business, including carbon capture, use, and storage; produced water management, use, and disposal as well as other needed actions...

Milestone’s Expansion Continues; Opens Big Spring Facility In Northern Midland Basin

The Big Spring slurry injection facility in Howard County, serving the northern Midland Basin, is located eight miles north of Big Spring, near the intersection of U.S. Highway 87 and FM 1584.

Tallgrass Energy Agrees To Be Taken Private By Blackstone For 15% More Than Previous Offer

Tallgrass agreed to be taken private by Blackstone Infrastructure Partners at $22.45, 15% above the previous $19.50 offer back in August...

+1 ESG! Permian Advocates Sees Methane Emissions Progress

Methane-emissions intensity in the Permian Basin plunged 64% in the past seven years, even as crude production surged, according to a report by Texans for Natural Gas, the Permian Basin Petroleum Association and the New Mexico Oil and Gas Association...

Houston Bankruptcy Court Holds Midstream Gathering Agreements Cannot Be Rejected As Executory Contracts

On November 8, 2019, Alta Mesa Resources, Inc. (“Alta Mesa”) and Kingfisher Midstream, LLC (“Kingfisher”) crossed swords, each party filing dueling motions for summary judgment in the United States Bankruptcy Court for the Southern District of Texas...

Interjecting Economics Into The Texas Surface Water Dialogue

This paper applies the conceptual lens of economic efficiency as a criterion by which to evaluate surface water in Texas. Texas has a water allocation problem limiting the ability to substitute groundwater for surface water to move water between river basins and to facilitate transfers within a river basin. Surface water is both underpriced and unresponsive to drought conditions preventing it from being used at its highest and best use. We propose a variety of partial solutions, which include facilitating greater reliance on water markets as well as a water tax that would vary across regions and over time to encourage conservation...

Governor Abbott Declares State of Disaster Due To Drought Conditions In 15 Texas Counties; Including Some Big Eagle Ford Hot Zones

"I, GREG ABBOTT, Governor of the State of Texas, do hereby certify that exceptional drought conditions pose a threat of imminent disaster in Bandera, Blanco, Burnet, Concho, Karnes, Kendall, Kinney, Llano, Maverick, Medina, Real, Uvalde, Val Verde, Zapata, and Zavala counties..."

In Other News… Appalachia Hibernation, Buy Orange Pumps!, Frac Shutdown, Death By 1,000 Cuts For Irrational Projections?, Mine Hit Piece, & More… [free trial unlocks]

In addition to the in-depth updates published over the past week, these 11 “quick hit” datapoints also crossed our desk and are worthy of a mention…

Hess Midstream Partners LP Completes Acquisition Of Hess Infrastructure Partners LP, IDR Simplification and Conversion to An Up-C Corporate Structure

Hess Midstream Partners LP (NYSE: HESM) (the “Company” or “HESM”) today announced that the Company has completed its previously announced acquisition of Hess Infrastructure Partners LP (“HIP”), IDR simplification and conversion from a master limited partnership into an “Up-C” structure by merging with Hess Midstream LP (“Hess Midstream”), an entity taxed as a corporation for U.S. federal income tax purposes...

Awaiting DEQ Approval, Company Aims To Repurpose Oilfield Water

Owen Goertz drives past a disposal well for water from nearby oil rigs, which could instead have its water cleaned and used to irrigate the nearby field, Friday, Dec. 13, 2019, near Hillsdale. The reclaimed water irrigation would allow Goertz to potentially double some of his hay production, compared to the dryland production he has now...

Video Clip Series On Recycling Flow Back Water [1/4]

#1 The Removal of Total Suspended Solids (TSS) - click link to watch clip...

Video Clip Series On Recycling Flow Back Water [2/4]

#2 Neutralize Fluid Add Gel and Clay Control-Hydrate - click link to watch clip...

Video Clip Series On Recycling Flow Back Water [3/4]

#3 Add X-Linker - click link to watch clip...

Video Clip Series On Recycling Flow Back Water [4/4]

#4 Crosslink Gel Complete - click link to watch clip...

Xylem Introduces New Water Management Products

Designed to address the industry’s biggest issues, including minimising downtime and boosting and transporting water, these pumps deliver operational and cost efficiencies to help producers master the entire use cycle in a smarter, holistic way...

Surface-Engineered Sponges For Recovery Of Crude Oil Microdroplets From Wastewater

In the United States, the oil industry produces over 15 billion barrels of wastewater contaminated with crude oil microdroplets annually. Current methods are ineffective for the removal of these microdroplets at the variable pH conditions commonly found in wastewater...

Produced Water Management For The Modern Age [Advertorial]

FieldFlow tracks tank levels. With the push of a button, sensors automatically record tank levels at arrival and departure...

And In H2O News/Analysis Beyond The Oilfield.... Quartz Has Launched A Big Water Special Series & Offer

Quartz, a big media / research platform, has launched a series of interest titled 'the business of water scarcity.' And the subscription service has even offered a special deal - use code WATER for 50% off your first year of membership at checkout! Their general premise is that freshwater shortages are a failure of capitalism, in part because water's value isn't reflected in its price. But investors are paying more attention to corporate water issues and lots of companies are starting to respond. This sounds like it's right up the alley of many of our readers!

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