The Produced Water Tsunami

From: Riggs Eckelberry Los Angeles January 6 2015

Oil prices continue to fall. That party won’t last forever but meanwhile people are driving more. Truck sales are up.

The more oil the more water.

We like to talk about frack water but the amounts of Produced water are far greater over the long run. It’s a tsunami of water and increasingly it’s not being dumped but instead treated which saves the oil industry about $1.40 for each barrel of water (and they need those savings right now!)

The global Produced water treatment market size is estimated to exceed $8.0 billion by 2019.

The major factors responsible driving the growth of this market include the energy sector growth in Africa and the Middle East along with increasing strictness of environmental policies. http://www.marketsandmarkets.com/Market-Reports/produced-water-treatment-market-149046364.html Clearly our market opportunity is alive and well!

Oil industry Water industry

There is so much Produced water that the oil industry…is really a water industry!

The oil industry is effectively a water industry which delivers oil as a byproduct.

In the North American onshore oil industry on average nearly eight barrels of water are brought to the surface for every barrel of oil. This produced water is often highly saline and contaminated by hydrocarbons: It is a hazardous waste which requires treatment disposal and potentially recycling .http://www.globalwaterintel.com/archive/12/3/market-profile/waters-growing-role-oil-and-gas.html

You could say that the oil industry is working to make water.

What is Produced water?

A great deal of water exists in (and below) oil and gas formations. This water comes up with the oil as Produced water. In the late stage of a well’s life drillers use water flooding to “float” oil to the surface. That’s Produced water too. It’s often cheaper to treat and recycle it than to dump it. And treated it could help relieve water shortages in drought-parched areas like California.

A boom to farmers?

Chevron has built a eight-mile pipeline to supply treated produced water to farmers. Recently when water prices on the open market skyrocketed to $1300 an acre-foot the price of the Chevron-treated water remained under $60. This small project illustrates what could be done to help ease water shortages making Big Oil just a little more popular ;-)

An oil industry article by… OriginOil

[Description: ilfield-technology-magazine-2014 Cover] Here’s the striking cover of an article by our own Bill Charneski in October’s issue of the respected Oilfield Technology Magazine.

The article explains how fracking can both reduce costs and help the industry be seen as a “good neighbor” by using less water.

Read the full article. http://www.originoil.com/pdf/oilfield-technology-magazine-2014.pdf Very nice work Bill!

Deals deals deals

With the start of the new year Bill is back in Houston making deals and is off to the Middle East in a few days. Meanwhile “JL” Kindler is in China setting up our well-connected operation there. Then he’s off to Malaysia. It’s nonstop deals. I’ll be updating you as these bear fruit over the next few weeks. Also I will be giving you some good news (with photos) about our California Research Center.

In the meantime enjoy the rest of your week!!

Riggs and Team

Riggs Eckelberry
President & CEO
OriginOil Inc. (OOIL)

Read more: http://www.originoil.com/ceos-update/the-produced-water-tsunami#ixzz3OA424Nwa

About OriginOil Inc.

OriginOil has developed a breakthrough water cleanup technology for the oil & gas algae and other water-intensive industries. Unlike other technologies the company's patent-pending Electro Water Separation™ process rapidly and efficiently removes organic material from large quantities of water without the need for chemicals. For the oil & gas industry OriginOil is helping clean up produced water and recycle fracking water to reduce harm to the environment and lower costs. For the emerging algae industry OriginOil is making large-scale harvest possible. And in aquaculture OriginOil is helping improve yields and making seafood healthier by dramatically reducing the levels of toxic ammonia and bacteria in water. For a world short on clean water OriginOil is the lower-cost and cleaner answer. To learn more about OriginOil® please visit our website at www.originoil.com.

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