January 28, 2022

West Texas Shale Companies Could End Up Paying Up to $207-$763mn to Transport Water from Seismic Zones

West Texas Shale Companies Could End Up Paying Up to $207-$763mn to Transport Water from Seismic Zones

January 28, 2022

In response to a 88x increase since 2018 in >3 Richter scale earthquakes in the Permian, Texas regulators are imposing restrictions that can shut-down or sharply curtail the volumes of certain saltwater injection wells (“SWDs”).  As a result, transportation costs to ever more distant and less seismicity-dangerous SWDs could lead West Texas Shale E+P costs to increase by $207mn (currently contemplated curtailments/shutdowns) and as much as $763mn (assuming curtailments and shut-downs of all of the SWDs in the earthquake-prone areas).  As an enhanced evaporation company, EcoVAP carries no seismicity risk, and is generally able to evaporate with 1/40th the land footprint and lower costs than conventional evaporation.  Moreover, because EcoVAP’s Evaporation Matrices are fully scalable to any wastewater disposal need, they can be located at the well-head or tank battery, thus implying no trucking.  EcoVAP already operates one such facility in the Eagle Ford (See Case Study: https://www.ecovap.com/case-studies/oil-gas-operation)


Article:

https://exbulletin.com/uncategorized/1440170/


Latest News

Federal Government Releases Seismicity Report Studying Possible Federal Regulations
January 2023
The attached comprehensive report (dated 1/13//23) on human-induced earthquakes from injection wells was prepared for the US Congress. Given the continued rise in the number and severity of these earthquakes, as well as their ability to cross state lines, the US Congress is considering more oversight: a.) amending the UIC program "to require consideration of induced seismicity"; b.) if the “federal government should have a role in regulating underground fluid injection activities"; and, c.) various other possible funding/regulatory options. EcoVAP is helping the oil/gas sector (and others) stay ahead of this increasing state - and possibly now federal - scrutiny by reducing the volume of produced water by over 90% using practically no energy or other operating cost: https://www.ecovap.com/case-studies/oil-gas-operation.
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In November 2023, the environmental law group Earthjustice released a 212-page report on the difficulties of coal fired thermoelectric plants in complying with the Coal Ash Rule. The new report (an update from the initial 2019 report), estimates that "91% of coal plants are causing unsafe levels of groundwater contamination”, but also highlights many coal-fired power generators that have already or are planning to remedy these problems. With the ability to dewater tailings ponds, EcoVAP has proven its ability to provide a low cost, environmentally friendly means of dramatically remedying this challenge, with one client achieving an 85% reduction in land footprint and a 40% decrease in handling costs (see https://www.ecovap.com/case-studies/thermoelectric-power-plant).
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