It’s been said that one certainty regarding oil price forecasts is they will always be wrong. While there are certainly exceptions, the oil & gas industry’s history is littered with business cycle shifts that caught even the most seasoned analysts and executives flatfooted. Look at what’s happened with the US refining complex, LNG import projections… Keep reading →
Cost estimates for various methods of wastewater disposal and recycling vary, depending on both the reservoir in question, and the information source. A seven-well recycling and reuse program using electrocoagulation in Eddy County, New Mexico, substituted over 8 million gallons of produced water for fresh water, and saved $70,000-$100,000 per well in water management costs, according… Keep reading →
As the cost of recycling wastewater falls, it could emerge as the preferred method for addressing many of the water-related environmental concerns surrounding hydraulic fracturing. Hydraulic fracturing generally requires vast amounts of fresh water. Estimates vary widely, but water used for a fracturing job ranges from 40,000 to 60,000 bbls in the Delaware Basin, according… Keep reading →
