“The sub-industry of water handling and water midstream has evolved pretty dramatically over the last three or four years,” said Bill Zartler, CEO of Solaris Midstream Holdings. Solaris designs, owns, and operates water midstream systems in the Permian Basin. Solaris itself has grown exponentially since starting from scratch in 2016. They bought a small company […]
Hanging by a (Pipe) Thread
. R&D pipe President Ron Underwood and Trident Steel CEO Kevin Beckmann have both seen better times, but neither is certain when those will return, at least for their sector. Casing in particular is tied directly to drilling, Underwood pointed out. Beckmann noted that the rig count is down 73 percent year-over-year from 2019. That […]
Let the Sun Shine In
Historically, the word “environmental” in the oil patch has had the connotation of inconvenience, hassle, and extra cost. Today, several things are converging to change that narrative—ESG has made it more necessary and technology has made it more user-friendly. A case in point for the user-friendly side is the category of portable solar power for […]
Risk
From the inception of the oilfield, risk has been a part of the business. Most everyone agrees that the first oil well in the world was drilled by Colonel Edwin Drake in Pennsylvania in 1859, a whopping 21 meters in depth, which equals 68’ 10”. However, that is not the case—at least that well was […]
There’s Green in “Clean”
With ESG becoming the new EBITDA in the eyes of stockholders and investors, environmental companies—as the “E” in ESG—are finding more interest in their services. That’s helping them somewhat in weathering what is becoming the “Year of the Black Swan,” 2020. Others are combining that with creative ways to leverage accumulated data to improve services […]
Opinion: Basin O&G Weathers Opposing Sentiments
Was there ever a more schizophrenic year for oil and gas? The tumults of 2020 have kept markets in disarray and left analysts and observers divided. Opposing forces keep tugging at the industry, hindering any straight-line improvement. On one side, there is the Environmental, Social, and Governance (ESG) movement, with its emphasis on what it […]
Safety: Let’s Have a Meeting!
Greetings and salutations! It is my sincere hope that by the time this edition hits the press that the price of oil has crept back up and everyone has started ramping back up! Between the coronavirus, the quarantine, riots, and the Saudis and Russians seeing who can drop the prices the fastest, it has been […]
Solaris expands produced water management agreement with Concho
Houston-based Solaris Water Midstream said July 29 it reached agreement with Concho Resources to expand their joint venture for long-term produced water management. Their agreement previously covered Concho’s acreage in Eddy County, N.M., and it was expanded to include Lea County, N.M. Solaris now manages Concho’s produced water gathering, transporation, disposal and recycling for 2.3 […]
Industry leaders set goal to lower emissions to address climate change
The CEOs of 12 leading energy companies have agreed to lower emissions of the companies’ crude oil and natural gas production to address climate change. The international consortium, Oil and Gas Climate Initiative, includes CEOs of BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Saudi Aramco, Shell and Total. OGCI, established in 2014, said […]
Rystad Energy: Permian leads increased hydraulic fracturing activity
Oslo-based Rystad Energy said July 23 its analysis shows that new hydraulic fracturing operations in the U.S., which fell to a low of 325 wells in June during the coronavirus pandemic, are expected to return to above 400 in July. “Recovery will be especially evident in the Permian Basin,” Rystad said, “where activity has nearly […]
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