Issue #62 | News Digest + Virtual Think-In Today!

Oilfield Water Weekly

Wednesday June 10, 2020

At 10:30am Central today, we will gather about 20 oilfield water market thought leaders in our first virtual round-table. The topic is a basic reset for the oilfield water marketplace after the downturn chaos – discussion will span operational market and capital market issues.

The star-studded lineup is nearly 40% E&P operators, who will be joined by select oilfield water midstream execs, bankers, and analysts to share and learn about key trends.

Importantly, this will be a truly collaborative discussion with loosely structured two-way dialog (it is not a one-side presentation).

Until we are able to gather in person again, we will regularly provide oilfield water business leaders with collaborative opportunities to engage and learn from each other. 

If you are a confirmed attendee, the meeting info is in your inbox this morning. If we couldn’t get you into this one, don’t worry, we’ll be doing this again soon with a new and timely topic for leaders to discuss, debate, and compare notes about. Feel free to reply to this email if you’d like to suggest a future discussion topic or participate in the future. 

And now, here is your weekly water news and analysis digest…


News Digest

Many Questions Swirl Around The Implications Of Unprecedented Shut-ins

Looking beyond the immediate technical considerations (still being debated) required to select optimal shut-in candidates, there seems to be a consensus that there will be two effects related to water: an initial decline in produced water at the surface due to flow stoppage, and a significant downhole accumulation of produced water that will then need to be removed from shut-in wells if and when they are brought back online....

New Mexico Fill-Up Report

2-Months since the last New Mexico Fill-Up Report. Here's a look at new commercial SWD wells with first injection on or after March 2019. It will be tough to nail down pandemic-related trends until there's full reporting....

WATER TALENT POOL: B3 Is Hiring

If you're in TX, love challenging problems, are driven to produce exceptional work, and thrive in a collaborative environment, they'd love to hear from you!

Oilfield Insiders Think Beyond The Bottom [Exclusive Voice Of The Industry Update]

While optimism is growing, three key recovery concerns have emerged in a new survey of more than 100 oilfield insiders...

Take The "Nowhere To Go But Up" Survey...

As the dust settles on the worst downturn in memory, we invite all Infill Thinking members to weigh in on current market conditions and what comes next...

Ovintiv Starts Up New Permian Water Facility

Video shows the new site...

Earthquakes Continue To Rock The Permian

When Bette Davis said, “Fasten your seatbelts, it’s going to be a bumpy night,” in the 1950 movie “All About Eve,” she could have been talking prophetically about the earthquake-beleaguered Permian Basin of 2020...

InstarAGF Closes $1.2B Infrastructure Fund Amid

InstarAGF Asset Management Inc. (“InstarAGF”), an independent private capital management firm focused on North American middle-market infrastructure, today announced the final closing of its latest flagship infrastructure fund, the InstarAGF Essential Infrastructure Fund II (“Fund II”), with approximately USD$1.2 billion in aggregate equity commitments from institutional and high net worth investors across Canada, Europe, the United States, the Middle East and Asia...

More Good News. Further Evidence Supporting The Case For Bottoming And Reopening In The US Oilfield

Things are still bad (very bad) but not getting much worse from here. Evidence, in the form of both hard data and field anecdotes, shows that a key positive inflection in the downturn trajectory is happening now...

Texas Alliance of Energy Producers names new president

Jason Modglin joins the Texas Alliance of Energy Producers, after serving as director of public affairs for Railroad Commissioner Christi Craddick. He also served as chief of staff for State Rep. Drew Darby, chair of the House Energy Resources Committee, and was a policy analyst for then-Texas Agriculture Commissioner Todd Staples...

Saudis raise oil prices by most in 20 years to bolster rally

Saudi Arabia increased prices for some crude exports by the most in at least two decades, doubling down on a strategy to bolster the oil market after OPEC+ producers extended historic output cuts over the weekend...

OPEC+ extends oil cuts in win for Saudi-Russian alliance

OPEC+ agreed to a one-month extension of its record oil-production cuts and adopted a stricter approach to ensuring members don’t pump more than they pledged...

Energy Stocks Make Insane Gains

While most oilfield stock prices are still well south of their pre-crisis highs, just look at all these doubles, triples, and quadruples off the March lows!

OOC Oil & Gas Blockchain Consortium Advances Maturity through New Affiliates

These affiliate organizations will help catapult and fortify the consortium’s understanding of the technology and its application, and ultimately ensure delivery of robust guidelines, frameworks, and production-ready solutions to bring near- and long-term value to the industry.

Chesapeake plans bankruptcy with exits closing on shale pioneer

Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people with knowledge of the matter, Bloomberg reported...

McCollum Couldn't Save The Sinking Ship...

Weatherford International’s chief executive has resigned just days before the struggling oil-field services company’s annual meeting and amid a debt crisis that could lead to a second bankruptcy filing in less than a year...

Enservco Announces Departure of CEO Ian E. Dickinson and Appointment of Richard A. Murphy as Executive Chairman

Enservco has announced that President and Chief Executive Officer Ian E. Dickinson has resigned from the Company effective May 29, 2020...

Supply Chain Optimization For Dry & Liquid Bulk Commodities

This five-part blog series will help company management for buyers, sellers, transportation providers (truck, rail, pipeline, barge, ocean), and terminals/warehouses who handle any bulk commodity understand best practices in supply chain optimization (SCO)...

SRBC’s Big Success – 25B Gal of Water Used by Shale Last 11 Yrs

The Susquehanna River Basin Commission (SRBC), the quasi-governmental agency tasked with overseeing water usage within the Susquehanna River Basin, has been a huge success with respect to partnering with the Marcellus Shale drilling industry....

NGL Energy Announces $250mm Term Loan Facility With Apollo Affiliates To Refinance Its Acquisition Bridge Facility

NGL entered into a new $250 million term loan facility with certain funds and accounts (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) to refinance its existing $250 million bridge term loan facility that was established in July 2019 with TD Securities (USA) LLC as lead arranger and bookrunner and The Toronto-Dominion Bank, New York Branch as initial lender to finance a portion of the acquisition of Mesquite Disposals Unlimited LLC (“Mesquite”)...

Crestwood Advances Its ESG Commitment and Sustainability Strategy with the Publication of Its 2019 Sustainability Report

Crestwood Equity Partners LP announced the publication of its 2019 sustainability report furthering its commitment to building an MLP industry leading sustainability program.

How the taste of groundwater could help focus exploration efforts

Haloes of altered water chemistry in groundwater could help geologists identify areas where ore deposits lie hidden below the surface....

Weld County oil and gas spill report for June 8

» KERR MCGEE OIL & GAS ONSHORE LP, reported June 1 a historical tank battery spill about 2 miles east of Platteville, near Weld 32 and 31. An unknown amount of oil, condensate and produced water spilled. The spill was found during reclamation activities at the tank battery.

The Pesticide Atrazine and 200 Other Toxic Chemicals Found in Fracking Wastewater; Contamination Goes Unregulated

A new, simultaneous chemical identification method has found the presence of the weed killer atrazine and 200+ other hazardous chemicals in hydraulic fracturing (fracking) wastewater or produced water, according to collaborative research published in the Journal of Separation Science by scientists at the University of Toledo (UToledo) and the University of Texas at Arlington....

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