Aris Water Solutions Inc. is expanding its relationship with Chevron Corp. with a new long-term full-cycle water management agreement with Chevron U.S.A. Inc. in the Permian Basin.
“We are excited Chevron has chosen to expand their existing relationship with us in such a meaningful manner. We have worked with Chevron for a number of years and have repeatedly proven our ability to deliver secure takeaway and re-use solutions,” Amanda Brock, president and CEO of Aris Water Solutions, commented in a May 9 company release.
Under the arrangement, Aris will provide produced water handling and recycling services in a portion of Chevron’s core position in the Delaware Basin, including acreage in New Mexico’s Eddy and Lea counties and Culberson and Reeves Counties, Texas. The agreement will facilitate Chevron’s increased use of recycled water in their operations and reduce their use of groundwater, improving their water sustainability footprint, according to the release.
“This is a significant contract for Aris and we are very proud of our entire team that helped achieve this milestone,” Brock said.
Based in Houston, Aris Water Solutions provides high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin.
In the May 9 release, Aris said it continues to rapidly expand its recycling system and enter into new contracts with customers who are increasing their use of recycled water. The company is also closely collaborating with a number of its customers to identify and pilot additional opportunities for the beneficial reuse of recycled water.
“We continue to make great progress expanding our system, capabilities, and customer base. This agreement increases Aris’s overall acreage giving Aris the premier dedicated acreage position in the Northern Delaware Basin,” Brock added.
Recommended Reading
Honeywell Bags Air Products’ LNG Process, Equipment Business for $1.8B
2024-07-10 - Honeywell is growing its energy transition services offerings with the acquisition of Air Products’ LNG process technology and equipment business for $1.81 billion.
TGS Awarded Ocean Bottom Node Data Acquisition Contract in North America
2024-07-17 - The six-month contract was granted by a returning client for TGS to back up the client’s seismic data capabilities for informed decision making.
E&P Highlights: June 10, 2024
2024-06-10 - Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign
2024-05-07 - TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.
PGS Gets Greenlight to Begin Surveying for Petrobras 4D Contract
2024-05-30 - After a long permitting process, PGS has secured the last permit needed to begin its large 4D survey contract with Petrobras at the Barracuda-Caratinga field offshore Brazil.