Measurement and Testing

  • Why is Water So In-Demand for the Permian Basin?

Why is Water So In-Demand for the Permian Basin?

Feb 13 2019 Read 1146 Times

While Queensland was recently hit a year's worth of rain in a matter of days, in the Permian Basin water is almost as precious as oil. The newfound status was sparked by the shale boom in the western portion of the USA's Mid-Continent oil field, which elevated America to the world's biggest oil producer in late 2018.

Water pegged as the "new oil"

H2O is a major component of hydraulic fracturing, a practice that sees shale drillers extract oil and gas by injecting liquid at high pressure into subterranean rocks. As the industry continues to thrive, water has emerged as a prized commodity. Water rights are now a front-and-centre concern when it comes to land sales, with per-acre prices for well-hydrated properties hitting the highest levels in a decade.

"Water is the new oil," asserts Houston-based oilfield consultant, Laura Capper. "The value of water has changed."

In the Permian Basin, producers need up to 60,000 barrels of water a day to blast oil-bearing rocks and force open fissures. The process takes around 10 days to complete, which means each well requires a huge 600,000 barrels of water. Demand isn't slowing down, with Rystad Energy predicting that water requirements in the Permian Basin will grow to more than 2.5 billion barrels by 2020. This will represent around 50% of all oilfield needs in the United States.

Environmentalists warn on H2O shortage and toxic wastewater

While rural property owners have enjoyed a surge in per-acre prices, environmentalists have slammed the insatiable thirst for water in the Permian Basin. Experts warn that aggressive extraction could eventually deplete the Capitan Reef Complex Aquifer, as well as place severe stress on arid or semi-arid regions. Without regulation, they warn that groundwater supplies could dry up altogether.

There are also major concerns surrounding the issue of toxic wastewater, with a recent Duke University study revealing that fracking is destroying America's clean water supplies. In the face of the fracking boom, the report claims toxic wastewater has increased by 14-fold from 2011 to 2016. Furthermore, experts warn the figure could get 50 times bigger by 2030.

Water isn't the only natural resource garnering attention, with wind also set to make waves on the global energy stage. Spotlighting the importance of routine maintenance, 'Lubrication of Wind Turbines is Anything but a Breeze' explains how the diligent use of high quality synthetic lubricants is a pivotal part of getting the most out of turbine equipment and efficiently harnessing wind power.

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment





Digital Edition

Petro Industry News July 2020

July 2020

In This Edition Safety - BM 25 & BM 25 Wireless: 10 years of improved safety - Discover the enhanced PS200 Fuel For Thought - FCI announces Adam Schleyhahn as Director of Sales - New...

View all digital editions

Events

Korea Lab 2020 - NEW DATES

Jul 27 2020 Kintex, South Korea

DXC 2020 - ONLINE EVENT

Aug 03 2020 Lombard, IL, USA

AGMSC

Aug 03 2020 Moon Township, PA, USA

View all events