De Nora Acquires Neptune Enterprises To Form De Nora Neptune
Electrochemical technologies and water treatment technologies company De Nora acquired a majority interest in Neptune Enterprises LLC, forming De Nora Neptune LLC. A Texas-based water service company, De Nora Neptune has specialized in “on-the-fly” frac water treatment and cost-effective produced water recycling in the unconventional oil and gas industry since 2012.
As the service arm of De Nora, De Nora Neptune brings to De Nora a service capability to both directly serve the industry and provide on-the-ground support to its existing technology customers within the Permian Basin and beyond.
Water represents a significant expense for onshore E&P well operations and reducing freshwater use is a critical environmental and economic consideration. Effective produced water recycling reduces water costs and can eliminate the need for disposal of water. Disinfecting water prior to use in frac operations kills the bacteria that generate hydrogen sulphide—a gas that is dangerous, costly to scrub from oil and gas, and sours the well.
Bryan Brownlie, managing director of De Nora Water Technologies Texas LLC, said, “De Nora technologies enable on-the-fly frac water disinfection to be completed with unmatched economics, and with no hazardous chemicals produced or precursors needed. Our partnership with Neptune has enabled us to deliver more than just the technology, but also that technology as a service to our customers. Further solidifying that partnership will provide better customer service, and critically better economics to the market, saving operators money every barrel. We are excited about the path forward as we continue to work together.”
Water Midstream Sector Positioned To Handle Rising Permian Volumes
A growing sector of water midstream companies is in the Permian Basin looking to take advantage of a business opportunity borne out of rising produced water volumes. Billion-dollar valuations for these companies in the near future could become a reality.
Williams, CPPIB To Form $3.8-Billion Appalachia Midstream JV
The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays. CPPIB financially backs operator Encino Energy, which last year acquired Chesapeake Energy’s Utica assets.
Permian: Treating Produced Water for Discharge Reduces Injection
Operators in the Permian Basin are looking for new ways to handle the rising volumes of produced water coming out of the region without using saltwater disposal wells. One solution, treatment for discharge, could provide an efficient alternative.
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15 April 2019