Consolidating Permian Water

When it comes to examining the state of water management in the Permian Basin, Kelly Bennett, co-founder and president of B3 Insight, says it all comes down to a fundamental question: What is scale in the industry, especially one as capital intensive, incredibly fragmented and driven by the self-interests of operators?

There are several headwinds for water management in the U.S., as well as plenty of tailwinds. But when it comes to growth for a water management market, there is no greater challenge than scale and consolidation, Bennet told the audience at the recent DUG Water forum at Hart Energy’s DUG Permian conference in Fort Worth, Texas.