B3 Insight

02/28/2024

Last weekend, two notable earthquakes were recorded ~20 miles north-northwest of Carlsbad, New Mexico (M4.0 on Friday, February 23rd and M3.9 on Saturday, February 24th). Based on the New Mexico Oil Conservation Division’s Seismicity Response Protocol, these events are expected to trigger new injection restrictions and monitoring/reporting requirements around the earthquake epicenters. Most notably is cessation of water injection within 3 miles of the seismic events, a 50% reduction in injection rate between 3 and 6 miles from the events, and a 25% rate reduction between 6 and 10 miles. While not yet officially released, B3 expects the boundaries noted to roughly conform with those of the “Notional Updated Restriction Area” shape shown in the map image below.

To learn more about regulatory response to Permian Basin seismic activity, we invite you to download the Permian Basin Seismic Response Area and Operator-Led Response Plan Summary: https://hubs.li/Q02mxTcH0

02/07/2024

Subsurface water chemistry plays a crucial role in energy development and carbon management, including the production of petroleum resources, the extraction of minerals for battery-based energy storage, and the opportunities for geologic sequestration of carbon dioxide. The water’s chemistry is defined and dictated by temperature, pressure, and type and concentration of dissolved constituents, all of which can vary significantly with location and time. B3's Aqueous Geochemistry Data Module supports optimal decisions for how water can be used, re-used, disposed of, and best protected. Merging data from multiple sources, leveraging rigorous QA/QC protocols, and applying a consistent characterization of sample collection, preservation, and analysis gives users unparalleled access and insight into the composition of groundwater water across the United States.

Learn more: https://lnkd.in/gqmxEM9r

02/04/2024

On the evening of February 2nd, Oklahoma experienced a 5.1 magnitude (M) earthquake approximately 40 miles due east of Oklahoma City. This seismic event occurred within one-quarter mile of a 5.7 M earthquake in November of 2011. While Oklahoma has a recent history of increased frequency and magnitude of earthquakes associated with underground disposal of oilfield produced water, actions taken by the Oklahoma Corporation Commission to reduce disposal in areas of elevated seismic risk have led to a dramatic reduction in events back to near background levels. While Friday’s 5.1 M earthquake does not immediately seem to be part of a trend of increasing seismic activity, it is a reminder that continued vigilance and smart water management is a necessity for safe, secure, effective, and environmentally responsible underground fluid disposal.

Learn more at https://hubs.li/Q02jM34w0

01/31/2024

This , we’re focusing on two of our favorite topics: carbon management and sustainability. A recent decision by the Biden administration has given the state of Louisiana the power to allow permits for carbon capture wells https://hubs.li/Q02hCqr60, offering new opportunities for local regulation and storage of CO2, as well as the development of new projects using carbon capture technology to help reach sustainability goals.

As CO2 storage and sequestration options grow and companies are given more freedom to make the best decisions for themselves—and the environment—B3’s qualified team is here to help. We provide the proprietary data, analytics tools, and expert guidance you need to find the carbon management solutions right for you.

Interested in learning more about carbon capture and our services? Find more information on our website here: https://hubs.li/Q02hCzj20

01/29/2024

💧 As water stewardship in the oil and gas industry evolves to better meet sustainability goals, it’s important to stay up to date on the latest in produced water management in injection in the Permian Basin. In this article from B3’s water data expert Samantha Fox, we break down:

● Current permitted, utilized, and operational disposal well capacity
● Capacity reductions and their impacts on regional distribution and utilization
● The effects of Seismic Response Areas (SRAs) on produced water disposal

👉 Check it out on our blog now: https://hubs.li/Q02hCFdP0

01/24/2024

Now Available: Stay ahead this with our latest quarterly update of the New Mexico Produced Water Reuse Benchmark Report, offering the most current insights on water trends in Lea and Eddy counties, NM.

🔍 Explore the Permian Basin’s remarkable progress in water management practices in the latest edition. For example, the use of produced water for completions in the New Mexico Delaware Basin was an impressive 68%—that is up from 66% since the last report and a significant jump from last year.

Learn how top Permian producers, including EOG, Devon, Permian Resources, and Oxy, are leading this trend. 👉 Click here to get your complimentary updated report: https://hubs.li/Q02hCFdz0

01/17/2024

As the permitting of Carbon Capture and Sequestration (CCS) facilities rapidly increases, understanding the water-related aspects of these projects is essential. On , we highlight the importance of staying informed about when and where permit applications for CCS are submitted, and by whom, as it is crucial for gaining both contextual and competitive insights.

Already leaders in subsurface fluid injection data and analytics, B3 Insight has now expanded its expertise to include powerful tools for carbon management. Our offerings provide unique solutions for:

🌍 Screening CCS/CCUS opportunities
🔍 Comprehensively characterizing planned injection sites
📊 Continuously monitoring ongoing operational, regulatory, and peer activities.

Have questions about carbon capture or carbon management? Reach out to B3 Insight today: https://hubs.li/Q02dk6BJ0

01/10/2024

In the wake of recent seismic events in the Permian Basin, this , we highlight the increasing importance of accurately assessing and managing formation pressure for the safe disposal of produced water underground. In response to these challenges, B3 Insight is proud to offer SIP (Subsurface Interval Pressure), a machine learning model designed to deliver algorithmically derived formation pressure data and maps.

Our innovative SIP model estimates two types of formation pressure—pseudostatic and dynamic (as pictured below)—enabling the calculation of subsurface pressure gradients across the entire basin. This helps geoscientists and engineers effectively visualize the downhole pressure impact of thousands of SWDs over time.

Explore the unseen depths of the Permian Basin with B3 Insight’s groundbreaking SIP pressure data and maps. Discover how today: https://hubs.li/Q02dk2jy0

SIP Subsurface Interval Pressure enhances water management, injection strategies, and captures basin-wide pressure gradients on US land.

01/03/2024

Kick-off: Start the New Year with B3 Insight. 🎉 As the definitive source for water and injection data in the oil & gas industry, we’re dedicated to empowering smart water management.

With our intuitive platform, you can:

📊 Evaluate Injection Assets
🔧 Enhance Operational Efficiencies
🛡️ Mitigate injection, pressure, and seismic risk
💰 Allocate Capital
📈 Benchmark performance

All while saving significant time, investment, and resources.

Learn more today: https://hubs.li/Q02d_9PL0

B3 empowers water management with data-driven intelligence for responsible and profitable decisions about water resources in the oil and gas industry.

12/27/2023

Complimentary Report: New Mexico Produced Water Reuse Benchmark

Are you keeping up with the latest trends in water reuse?

Leading E&P companies in the northern Delaware Basin of New Mexico are changing the way we think about water management. Our New Mexico Water Reuse Benchmark Report offers an in-depth look into their strategies, revealing usage patterns and innovative practices.

This , seize the opportunity to benchmark your company’s water management practices against the top players in the Permian. Subscribe to the complimentary report and get exclusive quarterly updates.

Get your copy today: https://hubs.li/Q02dk0VH0

12/20/2023

Water is life, and it’s also local. In 2023, for the first time ever, we estimate that over half of all water used in horizontal completions in the Permian Basin was sourced from recycled produced water! The shift in water usage is helping operators to preserve groundwater resources and reduce produced water injection.

On this , our CEO, Kelly Bennett, dives into this transformative journey and how oil and gas is at the forefront of a major industrial water stewardship revolution.

Want to see how collaboration is reshaping water stewardship? Check out Kelly’s recent post for the full scoop: https://hubs.li/Q02dk2Wq0

,

Water is life, water is local, water connects us all. B3 Insight CEO Kelly Bennett explores the power of water and the importance of collaboration.

12/15/2023

Did you know the Permian Basin has injected a staggering 35 billion barrels of produced water underground since the US shale revolution began? That’s equivalent to 1.5 trillion gallons, or the entire volume of the largest lake in Texas, the Toledo Bend Reservoir.

Discover how this massive water disposal is impacting today’s water and pressure management. In a recent article featured in JPT, Rob Bruant offers an in-depth analysis on produced water disposal and its implications on formation pressure and seismicity in the Permian Basin today.

🔗 Read the full article: https://hubs.li/Q02d4ph60

B3 Insight examines the growing pressure of Permian Basin produced water disposal trends, seismicity concerns, and RRC regulations for oil and gas.

12/13/2023

Roughly 60% of Permian Basin oilfield produced water disposed underground since 2010 has been injected into “shallow” zones in the Delaware and Midland Sub-Basins, zones that are situated above the primary unconventional oil- and gas-producing formations. Over that time, injection rates have changed considerably, particularly in the Delaware Sub-Basin, where the median yearly volume injected per well has increased more than ten-fold, from 0.2 million barrels in 2010 to 2.2 million barrels in 2023 (projected).

🔍 Want to dive deeper into these insights? Explore our OilfieldH2O Platform for more detailed analyses and data trends: https://hubs.li/Q02d0mcG0

12/06/2023

On this , we bring you closer to solving the seismic puzzle in the Permian Basin. Our data, featured in a recent Oil & Gas Journal article, reveals varying correlations between seismic events and saltwater disposal methods. This article highlights the complex relationship between injection volumes, pressure regimes, and seismicity.

🔍 Read the article for a deeper understanding of how water management strategies are shaping the seismic landscape in the Permian:

https://hubs.li/Q02cg6cW0

11/30/2023

Ready to explore CO2 solutions in oil and gas? Join us at the in Midland next week and be a part of the conversation on innovative CO2 management, from EOR advancements to carbon capture strategies.

Why wait? Dive into our OilfieldH2O Platform today – offering mapping and analysis for water assets and development trends. Plus, explore our SIP (Subsurface Interval Pressure) product for insights into water injection and subsurface pressure dynamics.

Together, these tools provide a comprehensive understanding of your water management and subsurface challenges. https://hubs.li/Q028QJKd0

See you in Midland. We look forward to being a part of the discussion.

11/29/2023

Despite the Permian Basin’s 3,800 wells permitted to inject CO2 for EOR, a mere 29% are being utilized. Why is this powerhouse of potential sitting largely untapped?

On this , we’re diving deep into this topic. Join B3’s Bruant as he digs into the data behind low CO2-EOR well utilization and uncovers opportunities waiting to be seized in the Permian.

Read the full story here: https://hubs.li/Q028QHyM0

Find out why CO2-EOR wells in the Texas Permian Basin are underused. B3 Insight sheds light on low well utilization of permitted CO2 injection wells.

11/20/2023

Did you know that the oil and gas industry is pioneering water-related risk management in ways other sectors can only aspire to? Get the inside scoop from our CEO, Bennett, as he shares key takeaways from the Aspen-Nicholas Water Forum at the Aspen Institute.

Read on to discover how the oil and gas industry is leading the way in ESG and water stewardship: https://hubs.li/Q028QPNp0

Where’s water? Join the ESG conversation with B3 Insight at the forefront of the oilfield water cycle dialogue, as seen at the Aspen-Nicholas Water Forum.

11/16/2023

Seeking a competitive edge in the Permian? Gain insight into water injection and subsurface pressure evolution in the Permian Basin.

Request a demo highlighting our SIP (subsurface interval pressure) product today:

https://hubs.li/Q0297y800

SIP Subsurface Interval Pressure enhances water management, injection strategies, and captures basin-wide pressure gradients on US land.