14 August 2019
News in Brief
A study conducted by the University of Texas, in collaboration with Stanford and Southern Methodist universities, shows that the probability of fault slipping...
A study conducted by the University of Texas, in collaboration with Stanford and Southern Methodist universities, shows that the probability of fault slipping in the Fort Worth Basin could increase due to produced water injection practices.
Midstream company NGL Energy Partners and mineral company Intrepid Potash teamed up to pay $6 million for 652 acres in Loving County, Texas, for a produced water disposal and recycling venture. The companies will each hold a 50% stake in the facility, which will be able to dispose of 100,000-125,000 bbl/d of water. The first of the facility’s five injection wells are to come onstream in the first half of 2020.
Following last month’s 15-year water management deal with Marathon Oil, Bison acquired water assets and permits from Overflow Energy in Oklahoma’s SCOOP and Merge plays.
North Dakota’s Oil and Gas Research Council has voted to investigate why the state’s saltwater disposal sites have such a high incidence of lightning strikes. At least four facilities have been struck since June, leading to fires and produced water spills. One theory is that fiberglass used to construct water tanks contributes to higher static electricity. The state’s industrial commission will decide on August 28 whether a study should go ahead.
Texas-based oilfield services provider Basic Energy Services will transfer its produced water transport pipelines and 86 saltwater disposal wells to newly created subsidiary Agua Libre Midstream. The company will begin serving operators in shale plays including the Permian Basin at the end of the month.
UK operator Cuadrilla Resources will apply to extend its fracking permit at Preston New Road in Lancashire until spring 2021. The 30-month permit is set to expire this November, but the company will have drilled during only 21 months due to rules regarding seismic events greater than 0.5 on the Richter scale. Cuadrilla, which has criticized the seismicity rule as being too stringent, resumed fracking at the site in mid-August.
Antelope Water Management will use technology company Data Gumbo’s blockchain services to manage its water-handling contracts. The GumboNet blockchain network has previously been used in the oil & gas industry but will be used in the water midstream sector for the first time ever. The platform will enable Antelope to execute smart water contracts with its vendors and customers for ensured transparency and measurement accuracy.