Located in southwestern Howard County, Morita commercial recycling facility will serve Martin, Glasscock, and Howard counties with sustainable water solutions.
The dropdown transaction consists primarily of water midstream assets acquired by Diamondback Energy through its acquisitions of QEP Resources and Guidon Operating earlier this year.
An expert panel of judges has selected the top 20 upstream oil and gas industry projects and technologies that open new and better avenues to the complicated process of finding and producing hydrocarbons around the world.
During a three-month joint pilot project using the artificial lift solution across 10 wells, Vine’s gas production increased by 5% and well unloading events decreased by 94%.
With this new project, water will now comprise over 25% of the total company’s contract operations backlog.
The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.
The sale of all its Texas and New Mexico fluid management and saltwater disposal well assets completes Key Energy Services’ exit from this line of business in these states.
B3 Insight's Oilfield Water Stewardship Council aims to establish industry-endorsed ESG reporting standards for oil and gas industry water management.