permian

Lagoon, Water Energy Services Scoop Up Permian Water Assets

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...

WaterBridge Expands Produced Water Business in Delaware Basin With Acquisition

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...

Permian Water Disposal Surges to Record High

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...

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...

The Art of a Water Midstream Deal

Oilfield water midstream companies are the fastest-growing segment of the oil and gas sector today. An industry that is projected to grow significantly over the next few years. IHS Markit, Woods Mackenzie, Rystad Energy and Raymond James all predict big growth for produced water management. And with that growth, we’ve already seen big investments in the water midstream sector. We’ve seen Goodnight...

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...

Permian Basin water disposal volumes expected to double by 2022

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...

Layne Water Midstream receives $200 million injection to boost water management business

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...

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