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...
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...
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...
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...
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...
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...
WaterBridge Resources LLC Announces $800 million Debt Facilities to Fund Water Infrastructure Acquisitions from Halcón Resources Corporation and NGL Energy Partners LP and to Support Ongoing Organic Growth HOUSTON, Dec. 21, 2018 /PRNewswire/ -- WaterBridge Resources LLC (together with its subsidiaries, "WaterBridge") announced today that its subsidiary WaterBridge Operating LLC has entered...