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Permian oil producers face higher costs with new saltwater rules

Oil & Gas 360º

(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.

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Reusing produced water

Oilfield Technology

Most of this water goes back into the producing formations via injection wells as part of IOR and EOR programs to get more production from ageing fields. Historically, excess PW not needed for sweeping producing formations has been disposed of in Class II Saltwater Disposal wells (SWD). Venture capital money flowed in.