HSSE-SR: Water Management in a Down Market
Low oil prices are driving low utilization rates resulting in downward pricing pressure across many key segments. Rig count is less than half the level of 2014 Q4 despite some recovery in oil prices in 15 H1. According to PacWest, frac demand, well spuds, horizontal wells and stages fractured, and frac pricing are projected to drop by an average of 35% in 2015. The US oilfield water management services market is expected to contract by 19% from $23.2B in 2014 to $18.9B in 2015. Which segments of the water management value chain are being impacted the most and why? How are market conditions exacerbating requests for pricing concessions? Where has rig movement been concentrated? Can we expect to see consolidation in the market? How are operators adapting to the new market conditions and what does the mean for service companies? Has the cost of water treatment declined and, if so, which technologies are the most predominant and what are the trade-offs? How does new legislation such as WOTUS Rule and the threat of more regulatory pressure impact the water management landscape? Find out the answers to these questions and more in our panel session, Water Management in a Down Market, moderated by April Sharr and Jim Summers.
Location:
Petroleum Club, 35th Floor, Total Plaza
1201 Louisiana Street
Houston
,
Texas 77002