I have some really smart folks look in on OilyStuff from time to time; geologists, engineers, operators, consultants, people IN the oil and gas business with a check book. No doubt they don't always agree with me about shale oil lying, flaring, exports, etc. but they're always polite and willing to share a story.
Produced water in oilfield operations always results in higher operating costs, reaching economic limits sooner in the well's life cycle, and ultimately, premature death. It is the Albatross around the neck of the oil industry; has been for 150 years.
Produced water is a serious problem everywhere and is bad problem in the HZ tight oil play in the Permian Basin. The unwashed will consider it a problem that can be overcome because its always been overcome, the oil industry will sort it out because past results are always indicative of future performance. I don't think so. Clearly something is amiss in West Texas as produced water disposal is causing Mother Earth to belch and want to hurl all that water back.
Earthquakes are not good; the head cheerleader for the shale oil phenomena is a fella named, Alan Gilmer, the founder of Drillinginfo, and he says earthquakes are only bad if they cause surface damage. He is a geologist, I believe, and lives in Austin. A NIMBY thing, I think.
Whatdyatink about all this water stuff? Just another problem that more borrowed money can fix or no problem at all?
Labor Day shimmy, NW of Midland.