Post Tagged with: "Water"

EnerCom Dallas – SitePro “A Digital Revolution” presentation by David Bateman, Co-CEO

EnerCom Dallas – SitePro “A Digital Revolution” presentation by David Bateman, Co-CEO

David Bateman, Co-CEO, presentation “A Digital Revolution” was live streamed, and the recorded presentation is below.  Investors in the Oil & Gas market are looking for faster returns. That means that CAPEX has to be cut and efficiencies put into the work place. SitePro has so many tools in the automation tool belt for water and oil field automation. They have great examples of savings from real customers in real world situations.   All of the presentations are live streamed, and Oil & Gas 360 will be publishing out on all of our channels. Stay tuned for some great information from our presenting companies.Full presentations are hosted at Enercomdallas.com. If you have any questions, please email [email protected] Oil & Gas Conference – DenverSAVE THE DATE: AUGUST 16 – 19, 2020THE WESTIN DENVER DOWNTOWN

SitePro acquires Integrated Control Solutions

SitePro acquires Integrated Control Solutions

Energy Tech Leader, SitePro, Continues to Transform Industry with Acquisition of ICS SitePro, the leading automation technology solutions and service provider for the energy industry, today announced the acquisition of Integrated Control Solutions (ICS). The acquisition of ICS brings together two cutting-edge oilfield automation providers, both with unique technology and managed services and solutions, that combine to provide Upstream & Midstream Operators with a state-of-the-art automation software platform and best in class reliable service. SitePro’s acquisition of ICS combines two veteran leadership teams and increases service availability in the operating regions the company serves. Randy Greer and Dominic Whitworth, who have led ICS for more than a decade, bring a wealth of knowledge and industry expertise to SitePro along with a great team. David Bateman, Chairman of the Board and Co-Chief Executive Officer of SitePro said, “The ICS acquisition is a key part of our corporate development strategy to expand the number[Read More…]

Source: Tallgrass Energy

Tallgrass Energy Receives ‘Take Private’ Proposal

By Tyler Losier, Energy Reporter, Oil & Gas 360 Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal letter from Blackstone Infrastructure Partners (stock ticker: BX) on Tuesday, offering to acquire all of the outstanding Class A shares of Tallgrass’ stock not already owned by Blackstone and its affiliates. At a price of $19.50 per share, Blackstone’s offer would represent a 35.9% premium over Tallgrass’ closing price on August 27, and a premium of approximately 12% to its volume weighted average price during the last 30 calendar … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360 Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed Sanjay Bishnoi as senior vice president and chief financial officer, and David H. Izett as senior vice president and general counsel, effective September 9, 2019. Bishnoi, a proven CFO with more than 20 years of financial leadership experience in the energy and professional services sectors, will be responsible for leading Enerflex’s finance, treasury, corporate development, capital markets, enterprise risk management, internal audit and investor relations functions. I… Login or click here to subscribe

Source: Solaris Water Midstream

Concho Resources and Solaris Water Form JV in the Delaware Basin

By Tyler Losier, Energy Reporter, Oil & Gas 360 Concho Resources and Solaris Water Midstream team up for produced water management in the northern Delaware Basin Concho Resources (stock ticker: CXO), a Permian-focused unconventional shale producer, has formed a strategic joint venture (JV) with Solaris Water Midstream, a wholly-owned subsidiary of Solaris Midstream Holdings LLC. The partnership between the two companies focuses on optimizing produced water logistics at scale in the northern Delaware Basin. As part of the agreement, Solaris Water will manage Concho’s produced water gathering, transportation, disposal and recycling for an area covering approximately 1.6 million acres located primarily in Eddy county, New Mexico… Login or click here to subscribe

Source: Lagoon Water Solutions

Continental Resources Divests STACK Water Handling Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360 Continental Resources sells STACK water handling facility to Lagoon Water Solutions for $85 million Continental Resources (stock ticker: CLR), an Oklahoma City-based independent E&P, is selling its eastern STACK water gathering and recycling system in Blaine county, Oklahoma to Lagoon Water Solutions for $85 million. In conjunction with the divestiture, Continental has also entered into a long-term agreement with Lagoon, in which the latter will provide water sourcing, gathering and disposal services for any of Continental’s future developments in the area. “The divestiture of this water handling facility for $85 million underscores Continental’s ability to innovatively g… Login or click here to subscribe

Source: Jefferies Group Facebook Page

Dirty Water Holds Biggest Promise for Pipeline Companies, Jefferies Says

From Bloomberg For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC. As booming U.S. oil production unleashes a torrent of contaminated water that rises to the surface with crude, pipeline operators may be in the best position to harness those flows and expand into the water-handling business, said Peter Bowden, Jefferies’ global head of energy investment banking. In the Permian Basin alone, the combination of saltwater from wells and water used in the fracking process is expected to be three times larger than crude output by 2023, according to Jefferies. Pipeline owners already are adept at transporting oil and gas, so adding water to their portfolios may be a logical next step, Bowden said Friday at an Oilfield Water Connection conference in Houston. “Water is going to offer them more growth than their core business,” he said. “There’s[Read More…]

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

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

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 about 42 gallons, yields about half a barrel of wastewater. As production grows, the challenge of what do with the wastewater created by fracking means exploring solutions as big as the boom itself. Baker Hughes, an oil and gas service company and authority on industry data, reported a record-breaking rig count of about 103 in New Mexico in 2018 — mostly in the Permian Basin, where the U.S. Geological Survey (USGS) said the “largest continual” oil and gas resource was discovered. Fracking has been the subject of much debate. But[Read More…]

May 30, 2019 - 4:39 pm Closing Bell Story, Energy News, Fracing
Photo by Mike Goldwater"

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

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 dirty secret: wastewater. While U.S. oil production has reached record levels on account of the shale revolution of the last decade, much of the supporting infrastructure has failed to keep up, including how to transport the large quantities of water used in the hydraulic fracturing process and the water that is produced from wells alongside oil and gas. Once managed individually by energy producers, the job of supplying, collecting and disposing of water is a rising cost, and has spawned a $34 billion a year business in the U.S. that[Read More…]

March 18, 2019 - 12:41 pm Closing Bell Story, Energy News, Midstream, MLP News, MLPs
Photo: Oil & Gas 360 - Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

Water Is Almost as Precious as Oil in the Permian Basin

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, the first cut at a well — not to bring oil up but water, the precious commodity of the Permian Basin drilling play. The ranch’s water rights were front-and-center in marketing the property, which just went into contract for a hefty $32.5 million. Broken down per acre, the price is higher than any similar sale in the area for at least a decade. Not many who are familiar with these parts were surprised. “Water is the new oil,” said Laura Capper, a Houston-based oilfield consultant. “The value of water has[Read More…]

January 24, 2019 - 3:18 pm Closing Bell Story, Crude Oil News, Energy News
After Recent Oil & Gas M&A, Now Water Makes a $900-Million Splash

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

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 in water deals Unsurprisingly, the Permian has seen the hottest activity in water M&A, with over $560 million in deals taking place over the past month. A private firm, WaterBridge Resources, is building a position in the play, making several acquisitions. Halcon is selling all its water infrastructure to WaterBridge for up to $325 million, $200 million of which i… Login or click here to subscribe

Hess Announces Bakken Water Drop Down

Hess Announces Bakken Water Drop Down

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

December 11, 2018 - 10:30 am Closing Bell Story, MLP News, Press Releases
Truck Driver Shortage Constrains Booming Texas Oil Fields

Truck Driver Shortage Constrains Booming Texas Oil Fields

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 that means more trucks commanding higher prices, with more delays amid the driver shortage. The plastics from those plants have to get to the Port of Houston for their voyage overseas. And when they come back in the form of packaging, clothes, auto parts and a range of other consumer products, they will need another trip down the highway to get to market. In short, everyone will pay more for almost everything. Nationwide, longhaul truck shipping rates were 10% higher in July year-over-year, excluding fuel costs, according to Cass Information[Read More…]

September 14, 2018 - 11:30 am Closing Bell Story, Energy News, Transportation
How Crestwood Zips Crude, Condensate and Water Through the Cloud

How Crestwood Zips Crude, Condensate and Water Through the Cloud

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 regional carriers amid surging growth. The carriers operated without a common technology platform and performance metrics, however. As lower energy prices set in, the company began to re-engineer business systems from “tip to tail” to drive greater efficiency, profitability and safety, says Jason Meares, senior manager of logistics systems. Moving upstream Today, Crestwood Transportation operates an integrated, nationwide fleet of 350 trucks that distribute natural gas liquids (NGLs), crude oil, condensate and water products for Crestwood Equity Partners LP and its customers. Crestwood Equity Partners LP, based in Houston, is[Read More…]

June 18, 2018 - 10:28 am Closing Bell Story, Energy News, Midstream
Rising Tide of Produced Water Could Pinch Permian Growth

Rising Tide of Produced Water Could Pinch Permian Growth

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 a new report by Wood Mackenzie. If those numbers are realized—and there is considerable uncertainly how this will play out—it would reduce the consultancy’s 2025 production growth projection for the region by 400,000 B/D. The report is one of the first attempts at calculating an industrywide number on a problem that is increasingly showing up in quarterly reports to investors. “People are trying to understand what the risks and opportunities look like for the long term,” said Ryan Duman, principal analyst with Wood Mackenzie’s Lower 48 upstream team. In the[Read More…]

June 13, 2018 - 3:40 pm Closing Bell Story, Energy News
How the U.S. Will Handle the OPEC-Russia Spigot

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

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 $100-per-barrel oil prices. Investors Energy lawyer Justin T. Stolte told Oil & Gas 360® that after 2014, public and private investors have been cautious, with “a laser focus on results and healthy financials.” Stolte went on to say that even though oil prices have recovered, there is a cautious optimism, and companies want to avoid pitfalls experienced during the crash. The United States has a robust capital cycle with a healthy stream of investment. Apollo topped the private equity leaderboard in 2017 with its ninth fund at $24.6 billion. The previous record[Read More…]

Sterling Resources Taps Peru

Sterling Resources Taps Peru

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 cost goes down Today, Sterling updated the project’s cost to approximately $18.3 million and first production could be early as June 2018. The updated budget is 25% less than the original estimate and projected first production is now ahead several months ahead of schedule. The company’s use of a wireline unit, rather than a workover rig, to remove plugs and remediate the oil producer and water disposal wells should cost ~$300,000 – significantly less than the budgeted $2.0 million, Sterling said. Additional savings resulted from the execution of a turn-key[Read More…]

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

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 $72 million. Production reached 64.5 MBOEPD and 70.1 MBOEPD (38% heavy oil, 54% light and medium, 8% natural gas) for Q4 and the full year of 2017, respectively. Net production for 2017 was 32% lower compared with the previous year as a result of the loss of the company’s right to exploit the Rubiales field – the company’s largest producing field in 2016. Frontera drilled 94 development wells and three exploration wells in 2017, compared to 27 total wells in 2016. In Q4, the company drilled 39 development wells while[Read More…]

Bakken: Goodnight Midstream Expands Ops in North Dakota

Bakken: Goodnight Midstream Expands Ops in North Dakota

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 Signalness SWD well. The Galaxy, Quale, Boehm and Signalness wells are in eastern McKenzie County, while the Knoll well is in southern Mountrail County. The Galaxy, Signalness and Quale facilities will receive trucks as well as piped water, while Knoll and Boehm are pipe only facilities, Goodnight said. “We anticipate many years of continued growth with our long-term producing customers who are driving a new phase of growth in the core of the Bakken,” Goodnight Midstream CEO Patrick Walker said in a statement. Including the new additions, Goodnight Midstream now[Read More…]

March 6, 2018 - 4:16 pm Closing Bell Story, Midstream
Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Partners LP (ticker: HCLP) reported its Q4 and full year 2017 results. Revenues for the fourth quarter of 2017 totaled $216.5 million on sales of 2,985,115 tons of frac sand. This compares to $167.6 million of revenues on sales of 2,456,195 tons of frac sand in the third quarter of 2017. “Hi-Crush’s performance in the fourth quarter is the result of a year of strategic planning and focused execution,” said CEO Robert E. Rasmus. “We acted quickly, proactively and also took advantage of an improved environment in the frac sand space. From the first quarter, with our purchase of Whitehall and the development of our Permian Basin Kermit facility, to the fourth quarter, when we achieved full utilization at our Kermit facility, while placing into service our Pecos terminal and our tenth PropStreamTM crew, our team worked tirelessly to get us where we are today.” Q4 2017 Average sales[Read More…]

Goodnight Midstream's Llano Produced Water Pipeline System

Goodnight Midstream Produced Water Pipeline Enters Open Season

Goodnight Midstream Permian, LLC is conducting a binding open season to provide an opportunity for producers to enter into long-term contractual commitments for Goodnight’s Llano Produced Water Pipeline System. The pipeline will be constructed in Lea County, New Mexico. The open season will commence on February 8, 2018 and close on March 30, 2018. The Llano Pipeline will transport produced water from the central Delaware Basin to Goodnight’s saltwater disposal well system on the Central Basin Platform (CBP) in the Eunice area. Goodnight’s produced water system will utilize the depleted oil fields on the CBP as a geologic alternative for sustainable disposal of produced water into multiple formations. The Llano Pipeline will begin at its origin point in Lea County. The high-pressure pipeline will have an initial capacity of 200,000 barrels of water per day and is supported by a long-term dedication from a key producer. The Llano Pipeline is[Read More…]

February 8, 2018 - 5:09 pm Closing Bell Story, Midstream, Oil and Gas 360 Articles
EcoStim Energy Solutions to Present at EnerCom Dallas 2018

EcoStim Energy Solutions to Present at EnerCom Dallas 2018

EcoStim Energy Solutions (ticker: ESES) provides hydraulic fracturing technology using turbine and conventional pumping fleets with advanced fluids, diverter systems and pin-point completion systems. The company began its initial operation in Argentina with a small spread in 2015. In the United States, the first spread commenced operations in May 2017 and the second spread in October 2017. The company’s total capacity reached up to 150,000 HHP in December 2017 and the company currently operates in the STACK/SCOOP play in the United States and in Argentina’s Neuquen basin. EcoStim combined fleet technology offerings As of December 2017, 27,000 HHP was in use and over 54,000 HHP has differentiated technology to reduce cost and emission. Part of EcoStim’s fleet is capable of running on 100% natural gas, and the company’s machinery offers several fuel source options, such as CNG, LNG and diesel. EcoStim said that its equipment can deliver emissions 65% below[Read More…]

West Texas Landowners: Is Permian Fracing Volume Straining Groundwater Supply?

West Texas Landowners: Is Permian Fracing Volume Straining Groundwater Supply?

From The Texas Observer Charles Phillips was in his pasture one day last year when he heard the sound. At 85, Phillips doesn’t hear as well as he used to, but he had no problem picking up the unmistakable squeal of a drill boring through rock. That’s odd, he thought. Why would my neighbor be drilling a water well? He followed the sound west across one of his pastures, where a couple of black Angus cows and quarter horses were grazing, to the neighboring fence line. There, his suspicions were confirmed. Phillips counted a dozen new water wells being drilled. The ruckus continued for a week and a half until the work crew — five men and three trucks — moved on to drill a dozen wells at another spot about a third of a mile to the southwest. Like many folks in the parched oil patch north of Big Spring, Phillips[Read More…]

December 11, 2017 - 7:41 am Closing Bell Story, Energy News, Fracing