Wednesday, April 30, 2025

Water

Waste to Water: Oil and Gas Industry Looks to Mitigate Water Waste During Boom

May 30, 2019

Special Report From the Carlsbad Current-Argus In New Mexico, hydraulic fracturing taxes a resource perpetually scarce in the desert region: water. Hydraulic fracturing, or fracking as it is commonly called, blasts vast amounts of water, sand and chemicals through underground pipes to crack open the underground rock formations that hold crude oil and natural gas. A barrel of oil, or

Russia's May oil output hits 11-month low on dirty oil crisis - Oil & Gas 360

Wastewater – Private Equity’s New Black Gold in U.S. Shale

March 18, 2019

From Reuters Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the largest oil patch in the United States. His company is one of dozens opening sites like this one that handles, not the lucrative oil, but the shale industry’s

Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

Water Is Almost as Precious as Oil in the Permian Basin

January 24, 2019

From Bloomberg Toby Darden stomped on the ATV’s gas pedal, carving through blustery winds to reach the far northern corner of his 37,000-acre West Texas ranch. He wanted to show off the crown jewel. This wasn’t the spectacular views of the Davis Mountains or the herds of aoudad rams with their distinctive curved horns. It was a big hole in the ground,

After Recent Oil & Gas M&A, Now Water Makes a $900-Million Splash

December 21, 2018

Seven water M&A deals have occurred over past month While mega deals among E&P companies has dominated recent M&A headlines, water infrastructure is changing hands at a very rapid pace. At least seven water M&A deals have been announced or closed in the past month. Only six E&P deals have been announced in the same period. Permian sees $560 million

Hess Announces Bakken Water Drop Down

December 11, 2018

Hess Infrastructure Partners LP Announces Proposed Acquisition of Hess Corporation’s Bakken Water Business

Truck Driver Shortage Constrains Booming Texas Oil Fields

September 14, 2018

From Transport Topics Thousands of drivers are needed in the Texas oil fields. Big rig trucks sit empty. They could be hauling the thousands of loads of sand needed to frac a well. But there aren’t enough drivers. It will take longer to complete the well. Once it’s out, the oil has to get to a plant on the Gulf Coast, and

How Crestwood Zips Crude, Condensate and Water Through the Cloud

June 18, 2018

IoT, cloud computing, custom aps, telematics, embedded tech boost efficiency and safety for Crestwood Equity Partners “tip to tail” From CCJ Crude oil prices fell rapidly during the fourth quarter of 2014 as global output exceeded demand. The change of events led Crestwood Transportation in a new direction. Before this period, the Kansas City, Mo.-based carrier had acquired a number of small

Rising Tide of Produced Water Could Pinch Permian Growth

June 13, 2018

From the Journal of Petroleum Technology As oil production rises in the Permian, the even larger volumes of water from those wells is becoming a pressing problem for many operators, particularly those drilling in the wetter western half of the basin. Over time the cost of producing a barrel of oil could include a $3–6/bbl water disposal cost, according to

How the U.S. Will Handle the OPEC-Russia Spigot

May 30, 2018

Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered down, strengthened their balance sheets, made technological leaps and kept on producing oil and gas—without depending on the reappearance of

Sterling Resources Taps Peru

May 16, 2018

Sterling Resources speeds up Bretana field development Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the time, the company estimated that the project would come online in 10 to 12 months for ~$24.6 million. Project’s budgeted

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

March 28, 2018

Frontera Energy Corporation (ticker: FEC) reported a net loss of $217 million, or $(4.33) per share for 2017. In Q4 2017, the company posted a net loss of $33 million, or $(0.65) per share. The company attributed the year’s loss to impairment charges in the aggregate amount of $123 million and mark to market loss on risk management activities of

Bakken: Goodnight Midstream Expands Ops in North Dakota

March 6, 2018

Goodnight Midstream, LLC will be adding five new saltwater disposal wells and 50 miles of produced water gathering pipeline to its network of produced water gathering and disposal facilities in North Dakota. Over the last year, Goodnight drilled and completed four salt water disposal (SWD) wells – the Galaxy, Quale, Knoll and Boehm SWD wells. The company also acquired the

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