WaterBridge was among the first companies to carve out a niche in the ‘wild west’ water midstream business of the Permian Basin.
The facility is set to commence operations in late May 2019.
Frac water disinfection experts become De Nora service arm in the unconventional oil and gas market.
Proppant-bonded technology reduces formation water without hindering oil and gas production.
Volumes could reach 50 MMbbl/d in just the Permian; all options are on the table.
Big private-equity house is keen to build out from base of 1.4 million bbl/d disposal.
Once managed individually by energy producers, the job of supplying, collecting and disposing of water is a rising cost, and has spawned a $34 billion a year business in the U.S. that has lured investors.
New technologies and approaches are bringing balance to the production of oil, gas and water.
From recycle to disposal, new technology is needed to get the most out of one of Earth’s most precious resources.
TPG Capital agreed to buy into the water management business with the acquisition of a majority stake in Goodnight Midstream from Tailwater Capital.
