Blackbuck Resources LLC was founded in 2018 in response to water management solutions gaining momentum since the shale boom to design, build and operate water infrastructure in Texas and New Mexico.
There had been some feelings of frustration toward the timing of Houston-based water midstream company’s formation, according to Blackbuck Resources CEO Justin Love, who noted that has since cleared.
“There was a bit of frustration that we may have been a late entry,” Love told Hart Energy’s Jessica Morales. “We have been fortunate in that being a late entry has allowed us to focus on some greenfield projects. They kept us really busy through this tumultuous time,” he added referring to the COVID-19 related downturn.
When looking ahead especially as the U.S. presidential election nears, Love also noted the forward risk involved in the business.
“For us moving into the election, we watch the issues closely,” he said. “We have the lobbyists, we have lawyers. We understand laws and what an administration has the ability to do and what Congress has the ability to do.”
Jump to a topic:
- Blackbuck Resources background (0:50)
- Navigating near-term hurdles (2:28)
- Shut-in wells (3:31)
- Restarting production (4:35)
- Current opportunities (5:20)
- Water issues due to shut-ins (7:54)
- U.S. presidential race (9:02)
- Path forward (11:12)
New York State, which has the third-largest pension fund in the U.S. with an estimated valuation of about $248 billion, will continue to invest in oil sands producer Suncor Energy.
TC Energy said April 12 it had issued a request for information seeking to identify wind energy investment opportunities that would generate 620 megawatt of “zero-carbon” electricity for its U.S. pipeline business.
Pinnacle Midstream founder Greg Sargent is confident in the Permian Basin and the industry’s ability to “conform and prosper as we always have” to new conditions and regulations.