Lagoon becomes a multibasin player in water management while WES locks down assets that could drive future deals. A pair of active water management players have completed separate deals to expand their individual offerings in the Permian Basin of west Texas. Lagoon Water Midstream has closed a deal to acquire Double Drop Resources, a water management company located in the Midland Basin. Financial...
The pureplay water midstream company bought the produced water infrastructure associated with Colgate’s purchase of Occidental acreage in June. This map shows the acreage Colgate acquired from Occidental in June. WaterBridge has purchased the associated produced water infrastructure from Colgate. Expanding its holdings further in the Delaware Basin, WaterBridge Holdings closed a transaction with...
The last growing market of US land services, water disposal, is set for an all-time high in the Permian. Water disposal in the Permian Basin is likely to hit a new all-time high in the fourth quarter of 2020, exceeding 1.3 billion bbl for the period for the first time in history, potentially further expanding Texas’ total water market which had already recovered close to its pre-COVID record in...
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...
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...
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,...
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...
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...
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...
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...