Merger will form one of the premier water midstream companies in the United States HOUSTON, Sept. 16, 2022 /PRNewswire/ -- Pilot Water Solutions LLC ("PWS") and Oilfield Water Logistics ("OWL") are pleased to announce a new partnership, merging the two businesses to create the premier water midstream operator in the Northern Delaware Basin. The significantly scaled water...
September 10, 2021 Houston, TX /PRNewswire/ - WaterBridge Holdings LLC (together with its subsidiaries, "WaterBridge") announced today that it has closed a transaction with Colgate Energy, LLC ("Colgate") to acquire the produced water infrastructure associated with Colgate's recent asset acquisition from Occidental. In connection with the acquisition, WaterBridge and Colgate have entered into a new...
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...
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...
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...
Less than two (2) years ago, more than 1,800 rigs were running in the United States. More than half were turning to the right in Texas alone. This large number of rigs meant a plethora of waste water was generated for disposal. This level of activity provided a steady supply of oil-rich flowback water for nearby saltwater disposal (SWD) wells. As the level of new well completions rose, so did the number of...