Water Midstream Business
Diamondback said they would conduct an ipo to raise 100 million for its subsidiary rattler midstream which provides oil gas and water gathering services to diamondback.
Water midstream business. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. Ulwm current activities develop an integrated water midstream business encompassing brackish source water as well as gathering reuse storage. One day later a judge ordered the dakota access pipeline to shut down. The rise of water in the midstream greater water usage by oil and gas producers is necessitating new infrastructure projects from increasingly specialized operators.
Even in a profoundly difficult year like 2020 these were tough days. About solaris water midstream llc a wholly owned subsidiary of solaris midstream holdings llc solaris water is an independent growth oriented company based in houston with offices in midland. There has been a complete transformation in the scale of water jim summers ceo of h 2 o midstream told midstream business. Triton s superior infrastructure services allows e p operators to confidently transfer its water burden to the experts in oilfield water management.
Oilfield water logistics growing footprint in the permian basin includes water processing sites such as mccloy and brininstool shown in new mexico and cronos and atlas in texas. Reinventing the status quo as a midstream company we are in the business of building connections reinventing the status quo as a midstream company we are in the business of building connections services treatment recovery and disposal learn more waste management learn more saltwater disposal learn more n n reinventing the status quo n as a. Triton water midstream s team is experienced in developing owning operating oilfield water infrastructure and is well placed to to address the water management requirements of e p companies. Today water can account for 20 30 of the cost of drilling and completing a well and as much as 50 of the operating cost.
Analyze hydrogeology to identify ideal locations for brackish water development survey locations for injectivity seismicity and volume fundamentals to. In this issue of midstream business the cover story s theme is construction courts and the future dominion energy and duke energy canceled their 8 billion atlantic coast pipeline project on july 5. That is driving the evolution of the midstream business around water. In addition to the money raised in the ipo diamondback is contributing 248 miles for conveyance of flowback and produced water and 80 miles of pipeline for fresh water.