Issue #5 | M&A Blitz

Oilfield Water Weekly

Wednesday May 8, 2019

This week’s oilfield water news recap is heavy on finance / M&A datapoints. In fact, 8 of our top 10 headlines below are M&A related.

The deal-making theme seems only fitting since registration just opened for the first conference purely dedicated to finance / market structure issues in oilfield water.

www.OilfieldWater.com went pedal to the metal this week, and the full agenda has been released in full for the first time.

We hope you’ll join us in Houston on June 21, 2019. Frankly, we can’t wait to be in the audience for this one…

Special thanks to the thought leaders that have already volunteered to contribute their views as speakers (Gabe, Gauri, Kelly, Benjamin, David, Jason, Joseph and others to be named soon).

If you’d like to sponsor the discussion or recommend a speaker, please simply reply to this email and we’ll get right back to you. If you are reading this email, chances are you will play a significant role in reshaping oilfield water… so why not talk about it together with some of the industry’s smartest minds this summer?


News Digest

Is Pioneer's Water Business For Sale? All Of Water Midstream Waits With Bated Breath...

Yesterday, Pioneer Natural Resources's earnings release disclosed that the company is evaluating the sale of its water infrastructure, which includes a wastewater treatment plant that should start up in early 2021...

Bison Makes An M&A Splash In The MidCon Oilfield Water Market

Bison acquired Cobalt Environmental Solutions, a leading water disposal business in the SCOOP and Merge plays of Oklahoma's Anadarko Basin. Additionally, Bison acquired Big Star Trucking's Oklahoma water hauling division and certain existing and pending saltwater disposal permits owned by Vista Disposal Solutions...

Gabe Collins Shares His Latest Water Economics Thoughts

At Oilfield Water Connection, we are honored to have Gabe as a confirmed speaker at our upcoming conference. In this update, he shared some of his recent thoughts on Permian water economics - always a great read, always a great listen...

Art Imitates Life. Even HBO's "Billions" TV Show Is Jumping On The Oilfield Water M&A Train

By quietly buying up the rights to the water without which no fracing can actually take place — for a song, at that — Mason Cap has positioned itself to emerge from the fracas an even bigger winner...

Tall Grass Expands Oilfield Water Footprint Via M&A

On May 1st, Tallgrass Energy purchased a 92% interest in Marcellus and Utica water services provider, Central Environmental Services ("CES"), for approximately $52 million...

Intrepid Comments On Water Ranch M&A

The Dinwiddie Jal Ranch purchase is a significant step forward for Intrepid's water midstream infrastructure system and will provide additional water supply for Permian operators in southeastern New Mexico...

Another Day, Another Water Transaction Fitting An M&A Theme On Our Watchlist

The day after PDC Energy sold their water infrastructure assets to WaterBridge - crossing a deal  off Infill Thinking's watchlist - another transaction closed that fits with a deal theme we are monitoring - a theme likely to continue with more small M&A deals like this one in the days ahead...

PDC Energy's Widely Anticipated Oilfield Water Divestiture Comes To Fruition

PDC also agreed to divest its water-related midstream assets to a subsidiary of WaterBridge Resources. The deal will raise total proceeds of $125m at closing....

One Of Five Deals On Infill Thinking’s “Oilfield Water M&A Pipeline Watchlist” Just Happened

About a month ago, Infill Thinking tipped readers off about five potential upcoming deals to monitor in the oilfield water M&A pipeline. Today, one of the deals on our watch-list came to pass...

Permian Operators Squeezed by Growing Water Pressure

Kurt Knewitz shares a relevant piece on how the rising tide of produced water in the Permian Basin is causing operators to re-engineer how they manage water...

San Mateo Midstream Venture Formed To Serve Stateline Water Needs

San Mateo II was formed to expand the existing Black River Processing Plant and construct gathering and salt water disposal systems to serve the Stateline and the Greater Stebbins asset areas...

TETRA Appoints Brady Murphy As Chief Executive Officer

Mr. Murphy was previously TETRA's President and Chief Operating Officer and will retain the role of President...

Title Fight Scorecard: Texas Pacific Land Trust vs. Horizon Kinetics

The proxy contest for the vacant Trustee seat on Texas Pacific’s board has only heated up since Infill Thinking first wrote about it several weeks ago. In fact, this fight is starting to get downright nasty, with a war of words now being waged by both sides...

The Evolving Market For Acreage Dedications

Often these transactions involve the sale or contribution of all of the producer’s water disposal facilities to a joint venture entity or produced water services provider and include a dedication of that producer’s acreage to the entity receiving those facilities...

How Water Factors Into Permian E&P M&A

The ownership of highly-contiguous tracts of land allows operators to take advantage of all manner of economies of scale, fully-access the underground resource with the drilling of fewer wells, and also allows for much more efficient distribution of water used in operations and frac jobs via surface pipes rather than in hundreds of tanker trucks...

The Fastest-Growing US City Is Scrambling To Survive The Shale Boom

Midland is using a $100 million bond to fix overused roads, and accessing a $180 million regional fund from a new coalition of 20 drillers for other advances, he said. A $50 million water tower has been approved to serve expanding neighborhoods, and a $3 million animal adoption center is in the works for pets left homeless by apartment-dwelling oil workers...

OSU President Talks About Water Among Other Topics...

Ed Ray praised assistant professor Bahman Abbasi for recently receiving OSU-Cascades’ two largest-ever research awards: $2 million to create a solar-powered process to provide clean water and $2.97 million from the U.S. Department of Energy to develop technology to mitigate the environmental impact of wastewater caused by fracing...

Many Claim The Oil Business Is A Water Business

Water issues flow through the oil & gas industry. Thanks to shale oil & gas, America is the world's biggest producer of oil & liquid natural gas, and soon a global LNG power...

Marcellus Water (Butler County) Local News Coverage

The Woodlands is a tight little community of a few dozen families who live in trailers and modest homes on a 100-acre patch in rural Butler County. Folks there don’t have much money but say they once had clean water...

If You Are Not Yet A Water Bull, Read This!

Did it ever occur to you that it takes water to create energy, and energy to get that water to us?...

Water Factors Into Mexico Frac Ban

Mexican states with shale potential - such as Coahuila, which neighbors the Eagle Ford basin - are under significant levels of water stress...

Radical Desalination Approach May Disrupt The Water Industry

Hypersaline brines–water that contains high concentrations of dissolved salts and whose saline levels are higher than ocean water–are a growing environmental concern around the world...

Towards Sustainable Desalination

Did you know that several countries, such as the Maldives, Malta and the Bahamas, meet all their water needs through the desalination process—that is, they convert seawater to freshwater?...

Desalination Process For Hypersaline Brines

Engineers at Columbia University in New York City have developed a desalination method that they claim is more effective and efficient than existing processes...

XTO Energy Investigates Pipeline Spill

XTO Energy is working to determine the cause of a pipeline leak that spilled 1,900 barrels, or 79,800 gallons, of brine in a Dunn County pasture....

Catamount Energy Offers $5,000 To Ignacio-Area Residents To Waive County Well Regulations

A Denver-based energy company is offering a handful of Ignacio-area residents $5,000 to forgo their protections under La Plata County’s oil and gas regulations as the company seeks to drill a new injection well...

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