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Pilot Water Ups Its Disposal Game With Felix Deal

Pilot Water Solutions has expanded its position as a major disposal player in the Delaware Basin of west Texas with its acquisition of Felix Water. Financial terms of the deal were not disclosed. Pilot Water is a majority-owned subsidiary of Pilot Company, a supplier of gasoline and the largest operator of travel centers in North America. The addition of the Felix assets will bring Pilot Water’s...

Houston-based oil and gas wastewater company expands operations

Oil and gas wastewater operations in the Permian Basin continued to grow alongside and upswing in production as the nation and world recovered from COVID-19. The health crisis brought on an historical collapse in demand for fossil fuels, meaning production of crude oil and natural declined. But as the market recovered, so did production and the installation and expansion of produced water facilities...

Oilfield Water Management Sector Rebounding To Pre-Covid Levels

After a brutal 2020, the oil and gas industry outlook is positive and increasing activity levels are increasing demand for water management services and solutions. IHS Markit estimates the U.S. 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...

New Oilfield Water ESG Council Formed

B3 Insight is excited to announce the Oilfield Water Stewardship Council™ (OWSC), a new ESG-focused membership program for water management in oil and gas. B3 CEO and co-founder Kelly Bennett shares, "This program is a commitment by B3 and its members to put words to action through collaboration and transparency to create meaningful solutions. Water management continues to grow in...

Water Disposal Stands Out in the Growing US Onshore Upstream Water Lifecycle Market

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...

No Free Lunch – The Water Challenges Facing Operating Companies in the Permian Basin

The resource abundance in the US of the past decade came from the relentless drive to perfect the application of horizontal drilling and hydraulic fracturing techniques. Operators and service companies now have a very good handle on these upfront inputs, but it still seems that no one truly understands how to manage all the outputs. Water can be considered a waste stream of the oil production process,...

The Permian Basin Leads Demand Growth in Oilfield Water Management Market

IHS Markit recently estimated the US oilfield water management market to now be valued somewhere around $37.5 billion. That represents a 12% year-on-year market growth from 2018—mainly driven by water disposal and water hauling. On our recent podcast, our experts Paola Perez Pena and Prescott Roach give us an overview the market, including how the Permian Basin plays a part. Listen to the full...

Permian Needs $9 Billion Worth of New Wells—But Not for Crude

As much as $9 billion will be needed over the next decade just to throw away dirty water in the world’s busiest shale field, according to Raymond James & Associates Inc. The scale of the challenge is mind-boggling: drillers typically pump 30 Olympic-sized swimming pools of water into an oil well to fracture the surrounding rocks. In return, as much as 10 barrels come rushing back out for every...

Integration, Collaboration Drive Water Midstream Growth in Permian

Finding commercially viable solutions for handling produced water has become an urgent challenge for operators in the Permian Basin. As production ramps up and the saltwater disposal (SWD) well capacity gets strained to its limit, there is a greater need for operators and service companies to develop collaborative water management methods that may ensure a secure long-term future in the region. The...

Bison Acquires Additional Water Midstream Companies

OKLAHOMA CITY, May 6, 2019 /PRNewswire/ -- Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, today announced its acquisition of Cobalt Environmental Solutions ("Cobalt"), a leading water disposal business in the SCOOP and Merge plays of Oklahoma's Anadarko Basin. Bison anticipates all Cobalt employees will remain with the company, including Patrick Brandt, CEO...

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