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Managing the growth of produced water volumes in the Permian Basin will prove a critical element to oil and natural gas production in the basin. While the magnitude of the water volume poses challenges for the industry, it also provides many opportunities.
The Permian Basin has become a critical asset for the economic future of Texas and New Mexico, as well as the entire U.S. In 2018, the Permian Basin’s 3.3 MMbbld of oil production was greater than all but five other countries – Saudi Arabia, Russia, Iraq, Canada, and Iran. The application of horizontal drilling, hydraulic fracture stimulation, and other innovative technologies in the Permian Basin since 2010 have caused oil and natural gas production to soar. Since 2007, Permian oil and gas production are up by almost 270% and 70%, respectively. This growth is not without its challenges: areas of the Permian produce more water per barrel of oil than any other production play in the country. How oilfield water management evolves is critical to the success of the broader oil industry and, by extension, Texas, New Mexico, and the country.
Challenges & Opportunities: Understanding the Magnitude of the Problem
- How much water is needed for hydraulic fracture stimulation and how much produced water will be generated?
- How will the subsurface disposal industry evolve? Where is new disposal capacity needed? Will interbasin or interstate transport be needed?
- Will seismic concerns and capacity thresholds (natural or imposed) alter the location, permitting, development, and use of disposal wells?
- What roles will recycling and reuse play and how will they impact the disposal industry?
- What should the ultimate scope and scale of the water management service industry be: sub-area, state-wide, interstate?
- Is producer ownership of disposal assets the best means to protect producers’ interests or can midstream companies provide lower cost and more reliable service?
Permian Water Management: A Viable Emerging Market or a Tragedy of the Commons in the Making? combines B3’s oilfield water data expertise with Drillinginfo’s production and oilfield economics data knowledge to address these questions.
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RBN partner, B3 Insight, is excited to release a new, first of its kind report - Underground Injection Control (UIC) Permit Application Monitor. This report provides comprehensive real-time insights for operators and water midstream companies on UIC permit applications for the Delaware and Central Basin Platform. Read B3's blog to learn more about UIC permitting in the Permian Basin.
- Understand where nearby operators are planning disposal wells
- Timeframe to permit new injection wells
- Conditions under which a permit is successfully approved
- Areas of high permitting density to avoid competition
- Eliminate hours of manual application review
- Provide actionable intelligence for planning strategy
- Maintain regulatory compliance
- Conduct competitive market analysis
Always stay up to date without having to do the heavy lifting! Let B3’s team of experts do the digging, compile the data in an easy to understand report that is delivered directly to you and can be shared with your entire organization.
Purchase B3’s UIC Application Monitor
The cost of an annual corporate subscription to the UIC Permit Application Monitor is $4,900.
Complete the form below to be contacted by a B3 representative with more information and instructions on how to subscribe