Can produced water treatment strategies really lead to reduced operational costs?
Friday, Oct 16, 2015
With oil prices remaining low, operators across the Lower-48 all face a similar challenge: how to reduce operational costs after so many budgetary cuts?
Showing extreme resilience, a multitude of initiatives aiming at bringing costs down have been implemented. Marcellus operators have in fact shaved 14% off their well costs but water costs continue to grow, reaching an average of $1.4 million per well.
If these figures are alarming, there is hope as recently, an oilfield operator in Colorado has reaped the benefits of upgrading its water management strategy, which led to tripling the use of recycled produced water to nearly reach 100%. It is expected that the operator will save about $2 per barrel of water, which would cut down 60% of water-related operating costs.
In this environment, the OPEX reducing opportunity of smart water management has never been more critical.
On foot of these pressing challenges, the 21st US Shale Plays Produced Water Management Congress, coming to Houston for the very first time on October 28-29, will scrutinize the latest produced water strategies deployed across the Lower-48.
Cathy Pocock, Director Of Marketing, Produced Water at SandRidge Energy recently highlighted that “efficient use of produced water can have both an environmental and economic impact”. Cathy, alongside fellow experts from ConocoPhillips, QEP Resources, BOPCO, Broad Oak Energy and many other leading operators will come to the congress to discuss strategies in utilizing water recycling to lower operational costs,
The 21st US Shale Plays Produced Water Management Congress, which is shaping up to be an unmissable industry gathering as all major operators confirm their attendance, will put the focus on three major issues: the cost versus performance of water recycling, the current challenge of induced seismicity and how to reduce overall water management costs.
Of the congress, Kristie McLin, Water Management Project Lead at ConocoPhillips stressed that she believes “collaboration will be the only way to address cumulative use impact on water supply and water disposal. Meetings such as US Shale Plays Produced Water Management 2015 Congress are excellent venues for initiating discussions with other operators that could lead to the beginnings of such collaborative efforts.”
For more information, please visit:www.shale-produced-water-management-congress.com/