Photos, slides, and the final attendee list from last week’s well-attended Oilfield Water Industry Update conference have been posted here. If you attended and need the password to download the slides / attendee list, just reply to this email and we’ll send it over…
Here is this week’s industry news & analysis… skipping the political stuff as we’re sure you’ve gotten a snootful of that elsewhere!
News Digest
Aris Water Solutions surges to 2-yr high on better earnings outlook
Aris Water Solutions jumped as much as 23% on Tuesday to a two-year high after the water recycling company raised its full-year earnings guidance.
Aris Conference Call Transcript
An important statement by CEO Amanda Brock: "We continue to collaborate with our project partners, ConocoPhillips, ExxonMobil, Chevron, and Coterra and regulators to accelerate the use of treated produced water outside of the oil and gas industry. By year-end, Aris and its partners will have finished testing the third of three desalination technologies for the treatment of high salinity Delaware Basin produced water."
State oil regulator requests $100 million to tackle West Texas well blowouts
Texas Railroad Commission, which regulates the state’s oil and gas industry, has asked lawmakers for an additional $100 million in emergency funding — which would be equal to about 44% of the agency’s entire two-year budget.
"Our Biggest Expense Is Produced Water"
A recent conversation with a potential customer started with a deep dive on the topic of methane emissions, but it slowly morphed into a revelation that our ability to identify produced water leaks in their infancy would address a much bigger business and financial challenge than that presented by methane.
The Ogallala Aquifer - Market Activity Around A Finite Resource [pdf]
Water Market Insider's 4Q24 report is out, download it here...
Texas General Land Office Buys 353,785-Acre Brewster Ranch
The largest privately owned ranch on the market in Texas has sold to the oldest state agency in the Lone Star State. The Texas General Land Office (GLO) has acquired the 353,785-acre Brewster Ranch from Texas Mountain Holdings, owned by Brad Kelley. The sale closed on October 24. The ranch had been listed for $245,678,330. No financial details were released.
STILL TALKING ABOUT LAST WEEK'S EVENT!
Steven Runyan post: "It was a privilege to participate in the 6th Annual Oilfield Water Industry Update hosted by Oilfield Water Connection in Houston. With produced water management evolving in both volume and complexity, the event offered a valuable platform to gain insights from industry leaders and innovators who are shaping the future of this critical sector."
STILL TALKING ABOUT LAST WEEK'S EVENT!
"WaterBridge was a proud sponsor of the Oilfield Water Connection 6th Annual Oilfield Water Industry Update in Houston. It was great to hear from our very own Hayden McEntire, VP, Integrated Operations and Planning. Looking forward to seeing you next year!"
STILL TALKING ABOUT LAST WEEK'S EVENT!
RWI post: "On behalf of everyone at RWI Enhanced Evaporation thank you for attending Robert Ballantyne case study on managing solids at the Oilfield Water Connection Conference in Houston.
STILL TALKING ABOUT LAST WEEK'S EVENT!
Energy Water Solutions post: "Thanks to everyone who attended the Oilfield Water Industry Update!"
STILL TALKING ABOUT LAST WEEK'S EVENT!
Moni Collins post: "Water, water everywhere! Good morning so far at the Oilfield Water Connection Conference in Houston!"
STILL TALKING ABOUT LAST WEEK'S EVENT!
AJAX RENTALS post: "I had the opportunity to attend the Oilfield Water Conference, where industry leaders gathered to explore the latest innovations, trends, and solutions in the water management sector. It was an engaging event, full of insightful discussions about optimizing water usage, enhancing treatment processes, and promoting sustainability in the oil and gas industry."
Claim: Colorado Produced Water Consortium is set to recommend minimum recycled water usage targets for oil and gas drilling
The plan includes converting disposal wells to storage and enhancing infrastructure, though challenges remain, especially in disadvantaged areas.
Historic Flooding in New Mexico Could Impact Retention Ponds?
Christine Guerrero writes: "Recently I was asking about the risk of waste & frac water ponds overflowing in the Permian Basin. I was told that it's not a risk because they don't get much rain. Unfortunately, just outside of the northern Permian Basin, a 500 year flood impacted Roswell, NM on October 19, 2024 proving that the risk exists and it shouldn't be ignored."
WATER TALENT POOL: John Coyle Update
"As the ConocoPhillips acquisition of Marathon Oil moves forward and the potential for organizational changes, including severance, becomes more likely, I've decided to embrace this moment as an opportunity for professional growth."
WATER TALENT POOL: New Senior Reservoir Engineer at Permian Resources
Congrats Hank Higginson!
Produced Water Car Wash Capital Raise
"Any recommendations for a startup working on a $6.5MM capital raise for a project in Midland, Texas? I hope to have the Series A round committed by the end of the year so we can open by Summer 2025 and could use some assistance or guidance."
2 Radical Groups Appeal CNX Gas & Water Pipeline Project in SWPA
CNX facing pushback for two natural gas pipelines and a water pipeline.
Wastewater impoundments, injection wells sources of controversy over last 20 years
This is the sixth in a series of stories reflecting on 20 years of gas drilling in Southwestern Pennsylvania.
Addressing Industry Problems with Renewable Solutions
Post pursues some potential solutions to address what they call the three most important problems facing the oil and gas industry. produced water, flaring and orphan wells.
EQT Announces Non-Operated Asset Transaction with Equinor
EQT Corporation (NYSE: EQT) ("EQT") announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production.
Navigating Produced Water Sustainability in the Oil and Gas Sector: A Critical Review of Reuse Challenges, Treatment Technologies, and Prospects Ahead
A technical paper addressing some of the proposed solutions for produced water treatment.
Fourth time's the charm? State Land Office pushes for increased royalty rates -- again
The State Land Office wants to get top dollar for leasing prime oil and gas land in New Mexico.
SWD Follow Up
"Based on recent discussions, I believe the industry needs to be more precise when describing problems related to seismicity. I do not believe long term history shows “injection into shallow formations” leads to increased seismicity."
Mastering Produced-Water Management in Deepwater GOM: 25 Years of Insights
Offshore focused, but interesting produced water piece from folks in the know...
Possible well malfunction causes produced water spill near Williston
A well malfunction likely caused a produced water spill of about 497 barrels, or 20,874 gallons, near Williston on Wednesday, Oct. 30.
$3.6 Billion for Water Infrastructure Through Investing in America Agenda
On October 23, the U.S. Environmental Protection Agency announced $3.6 billion in new funding under the Biden-Harris Administration’s Bipartisan Infrastructure Law to upgrade water infrastructure and keep communities safe.
Millions in the U.S. may rely on groundwater contaminated with PFAS for drinking water supplies
Approximately 71 to 95 million people in the Lower 48 states – more than 20% of the country’s population – may rely on groundwater that contains detectable concentrations of per- and polyfluoroalkyl substances, also known as PFAS, for their drinking water supplies. These findings are according to a U.S Geological Survey study published Oct. 24.
New Mexico Can't Afford California's Green New Deal
Laura Capper writes: "This thoughtful and sobering article in the Wall Street Journal (10/18/2024) concludes that embracing California’s same green energy Policies in New Mexico will be a disaster for New Mexicans and will bankrupt the state."
America Can’t Do Without Fracking
Shale is crucial to the U.S. economy, and it allows Washington to buttress our allies across the globe.
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