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...
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...
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...