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...
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...
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...
BuySWD.com successfully sells 475-mile water pipeline in Permian Basin By RRIG Water Solutions | October 02, 2017 RRIG Water Solutions, a subsidiary of Fort Worth-based RRIG Energy, has acquired a 475-mile pipeline located in the Eastern Delaware Basin from Oilfield Water Logistics. The pipeline has the potential to move over 2.3 million barrels of freshwater per day for oil and gas...
Article By: Pam Boschee, Senior Editor | 04 October 2017 - Society of Petroleum Engineers As Permian Basin production has grown, so too has the demand for fresh water, transport, and disposal of waste water. Bloomberg recently reported that the average Permian well pumps 7 barrels of dirty water for 1 bbl of oil and put the service cost of water disposal at about $1.50 to...
Historically, there has been a fundamental lack of transparency into the oilfield water asset landscape. Water data is locally relevant for planning and management in oil and gas plays such as the Eagle Ford Shale, Bakken Shale, DJ Basin and Permian Basin. An understanding of water sources, water production and saltwater disposal (SWD) assets within a defined geography is critical for planning...
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...