IHS Markit estimates the US oilfield water management to be valued at around $37 billion in 2019, representing a 12% year-on-year (y/y) market growth from 2018; this is mainly driven by water disposal and water logistics. The Permian Basin continues to produce and demand the largest volume of oilfield water among all US onshore regions, with water spending in the region estimated at $13.3 billion in...
Oilfield wastewater disposal volumes are expected to double in the Permian Basin within the next two to three years, a new analysis from global energy intelligence firm Wood Mackenzie shows. As drilling activity continues to expand in the arid region between West Texas and southeastern New Mexico, hydraulic fracturing has resulted in growing challenges in sourcing water and what to do with wastewater...
Houston -- Post Oak Energy Capital, LP and Genesis Park, LLC, through investment partnerships each company separately manages, has announced that they have led a $200 million equity commitment to Layne Water Midstream Holdings, LLC (LWM). Post Oak and Genesis Park acquired LWM from Granite Construction Incorporated with an additional commitment to continue to fund the company’s growth. The LWM...
Whether for disposal or water recycle, help is available for specifying the right pump for the job. New trends have emerged in the world of water management for domestic oil and gas production as more companies look for ways to recycle produced water in lieu of injection into salt water disposal (SWD) wells. For recycling to make economic sense, a consumer of treated produced water is needed. Typically,...
WaterBridge Resources LLC Announces $800 million Debt Facilities to Fund Water Infrastructure Acquisitions from Halcón Resources Corporation and NGL Energy Partners LP and to Support Ongoing Organic Growth HOUSTON, Dec. 21, 2018 /PRNewswire/ -- WaterBridge Resources LLC (together with its subsidiaries, "WaterBridge") announced today that its subsidiary WaterBridge Operating LLC has entered...
BuySWD.com is creating a new investment platform to provide qualified investors with the opportunity to purchase fractional interest in profitable saltwater disposal properties. The new platform will "cherry-pick" high quality assets from the BuySWD.com inventory. Select SWD's must meet strict investment criteria before being accepted into the SWDInvest.com portfolio. The first property we will be opening...
MIDSTREAM UPDATE AUGUST 24 2018 Diamondback said they would conduct an IPO to raise $100 million for its subsidiary, Rattler Midstream, which provides oil, gas and water gathering services to Diamondback. In addition to the money raised in the IPO, Diamondback is contributing 248 miles for conveyance of flowback and produced water and 80 miles of pipeline for fresh water. This gives Rattler Midstream the...
New Mexico oil production is booming at levels never before seen in state history, pushing output last year to an all-time record of 171 million barrels, according to the latest statistics from the state Oil Conservation Division. That’s more than double the 85 million barrels the state produced in 2011, when modern drilling technology began pumping new life into the aging Permian Basin in southeastern...
Driven by a strong recovery in drilling and completion activity as well as increasing frac volume per well, US (lower 48) onshore oilfield water management services market has regained momentum after a two year decline and is on track to recover to 2014 highs by 2020. The Permian Basin (Delaware, Midland, and other Permian combined), with the largest volume of oilfield water produced among all US onshore...
BuySWD.com successfully sells 475-mile water pipeline in Permian Basin By RRIG Water Solutions | October 02, 2017 RRIG Water Solutions, a subsidiary of Fort Worth-based RRIG Energy, has acquired a 475-mile pipeline located in the Eastern Delaware Basin from Oilfield Water Logistics. The pipeline has the potential to move over 2.3 million barrels of freshwater per day for oil and gas...