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Several E&P's Talk Oilfield Water Management Strategies
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The oilfield water market is heating up and E&P companies are actively talking / thinking about different strategies.
The main question being asked is whether to take the cash now (from a sale) and risk higher LOE later or keep the asset internally and find creative ways to continue driving down LOE cost.
For some operators, water management is 60-70% of the their LOE, therefore getting this balance right is essential to their longterm cost management.
CEO Mark Papa said, "What I will say is that we've never mentioned the disposal of the SWD assets up to this point, although other companies have looked at and done that prior times. If you look back at the background of when I was running EOG, we never monetized any of our assets in-house, any of…
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