Basic Energy Services Inc. has successfully tested an automated water management solution with a major U.S. operator, the company said on May 8.
The solution provides a step change in efficiency, allowing the client to simply manage their water volumes within their existing internal dispatch system, while Basic's integrated solution automatically picks up and routes the orders as required. Once routed, the solution provides real time updates on job status, vehicle location information, and automated ticket processing from generation to approval. Improved efficiency in dispatching and ticket handling represents a potential reduction of 4% or more in operating cost related to water disposal activities.
By automating several manual workflows and integrating currently deployed technology solutions such as FieldFX, Basic is significantly reducing the associated management cost for handling produced water. Decreased cycle time coupled with improved compliance and traceability result in reduced operating costs and improved auditability. The flexible design of the solution allows for additional operational synergies by further integrating with customer supervisory control and data acquisition (SCADA) systems allowing for end to end instrumentation. This will eliminate manual input and allow automated reconciliation of disposed water volumes, providing for further significant reductions in operating costs.
Basic is excited about reaching this milestone in efficiency, having evolved with the increasing water management needs of the industry that have grown significantly over the last several years. This solution can easily be integrated with a variety of customer systems, minimizing change management costs. Water disposal costs are a significant portion of operating costs for many U.S. operators, and Basic’s water logistics business generates more than 100,000 invoices a year for produced water disposal.
Recommended Reading
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers.
Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
2024-04-24 - After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.