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.”
Permian Basin Produced-Water-Recycling Facility Up and Running
Breakwater’s produced-water-recycling facility has the flexibility to recycle, store, or dispose of water. It has already recycled nearly 5 million bbl of produced water in Q3.
Carbo Ceramics Leaves Chapter 11 With New Ownership
The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year.
Frac Sand Companies’ Bankruptcies Add to OFS Sector Troubles
The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers.
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