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...