Image Source: Texas RRC Northern Culberson-Reeves Seismic Response Area – Up to 2 M Barrels per Day ofSWD Injection held at bay for Area Operators In another blow to SWD operators in Texas, on October 20,2021, the Texas RRC established the Northern Culberson-Reeves (NCR) Seismic Response Area (SRA) due to an increase in 4.0 MRead more
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This is the first of a series of observations from EnergyMakers’ New Mexico Deep SWD Report where we explore the practical capacity of New Mexico’s Deep SWD infrastructure and what operators and midstream players can expect going forward. We look back to peak performance of deep SWDs (> 8,000 ft true vertical depth) at the endRead more
We’re excited about the upcoming PWS conference next week in Houston at the Westin at Gessner (new location)! This conference promises to be highly technical with up-to-the-minute research. I am hosting an AWESOME panel of experts and we plan on covering a number of highly relevant topics. For example, we will have top legal expertiseRead more
Congratulations to DTE Energy (NYSE: DTE) on the closure of their successful acquisition of Indigo Natural Resources’ interest in a gathering and disposal well system and gathering pipeline in the Haynesville shale formation of Louisiana. The transaction includes a total purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completionRead more
When it comes to regulations governing produced water disposal in the places like the Permian, “we need to stay flexible enough to dial it back if we get it wrong.” Laura Capper, founder and CEO of EnergyMakers Advisory Group, shared this opinion, and more, at the recent Produced Water Society Permian Basin 2019. Capper InRead more
Independent E&Ps looking to unload some of their shale real estate in the Permian basin are not generating much interest from the majors. A number of big oil companies—ExxonMobil, Royal Dutch Shell and Chevron included—have all gone on record stating that they are wary of buying up assets from smaller companies at a time ofRead more
A recent forecast by Rystad Energy states that renewable energy developments in the Asia-Pacific region are set to outspend exploration and production (E&P) activities in 2020. With the exception of China, total CAPEX in renewable developments of all types will overtake E&P spending next year. The energy research firm anticipates the largest investments will comeRead more
Last year saw a major turnaround in publicly listed E&P companies’ free cash flow fortunes to levels not seen since before the mid-decade downturn. According to energy analyst Rystad Energy, free cash flow for E&P firms reached nearly $300 billion in 2018, marking a return to so-called “super profits” for industry majors. Free cash flowRead more
In field tests, Hexion’s AquaBond technology has lowered water production by nearly 45% in some wells, with no observed impact on hydrocarbon production. (Courtesy of Hexion) EnergyMakers loves to bring visibility to promising technologies that can help manage the industry’s growing produced water challenge. A new technology from Hexion aims to help operators significantly reduceRead more
The number of seismic activities that can be physically felt—those which are magnitude 2.8 (M-2.8) or greater—fell from a monthly average of 162 in June 2015 to just 25 in June 2018. At the same time, oil production grew by 20 percent and injection rates into disposal wells dropped. Recent data from the USRead more