The production growth in the Permian Basin has created a new dilemma for operators looking for cost efficiency. In September Bloomberg predicted that Permian production could rise from its present level of 2.4 million BOPD to 10 million BOPD, a rate that could produce up to 50 million B/D of flowback water. With the WTI price at around $57/bbl in early December, disposal of that flowback water can be expensive. Bloomberg estimated the cost of the service is between $1.50 to $2.50/bbl.
While this predicted spike in water volume may be an issue for operators, it is an opportunity for oilfield water management companies working in the region. With demand for their services going up, these companies have already begun acquiring pipeline infrastructure, saltwater disposal (SWD) wells, and facilities....
Water Demand Spurs Permian Infrastructure Investment
Stephen Whitfield, Senior Staff Writer
01 January 2018