Permian Basin
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While some try to put the two enormous oil producers toe-to-toe, the best thing to do might be to understand why they are different.
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Oilfield wastewater disposal volumes are expected to double in the Permian Basin within the next 2 to 3 years, a new analysis from global energy intelligence firm Wood Mackenzie shows.
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The pipeline system will have the initial capacity to deliver 150,000 B/D of crude oil to multiple delivery points, accessing local refineries and connecting to several downstream pipelines.
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A growing sector of water midstream companies is in the Permian Basin looking to take advantage of a business opportunity borne out of rising produced water volumes. Billion-dollar valuations for these companies in the near future could become a reality.
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Frac water disinfection experts become De Nora service arm in the unconventional oil and gas market.
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The US majors plan to produce around 1 million BOE/D each from the basin, which has become a primary focus of their upstream operations.
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Operators in the Permian Basin are looking for new ways to handle the rising volumes of produced water coming out of the region without using saltwater disposal wells. One solution, treatment for discharge, could provide an efficient alternative.
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Noble’s first row of wells in its massive Mustang project is helping increase the operator’s DJ Basin output, and similar results are soon expected in the Delaware Basin.
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Another reminder that it costs more to coax the same amount of oil from new wells as for older wells nearby, with a closer look at the big plays and how the wells are completed.
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Sourcing water for hydraulic fracturing, and disposing of produced water, are constraints and significant cost items in the Permian Basin. Some of the produced water can be treated and reused by using a water life cycle approach..