Biggest Obstacles To Effective Water Management Named
In preparation for its 5th Annual Marcellus & Utica Shale Water Management Initiative taking place in Pittsburgh, PA on March 23-25, American Business Conferences asked industry professionals working with water in the Marcellus and Utica shale regions to complete a short poll to evaluate what the industry really thinks about water programs in the current cost-sensitive environment.
“We must as an industry work cooperatively to share water sources and reuse water to remain competitive in the current downturn environment," said Jack Crook, VP EHS of Atlas Energy.
Chad Bruinooge, IOC Operator, Marcellus of Anadarko Petroleum agrees.
"One of the best ways that operators can reduce water handling costs in this current low price environment is by utilizing open communication and networking with the other operators in the area,” said Bruinooge. “This is a new era for the Marcellus play and consequently, we need to open our minds to ideas and concepts that were previously dismissed, as well as evaluate the sharing of resources between operators to secure better pricing and service contracts."
Both Bruinooge and Crook will speak at the event taking place in a fortnight.
A staggering 94% of poll respondents think optimizing water management programs is key to driving down operational costs while a further 71% of respondents believe it is important to achieve 100% reuse of produced water in the Marcellus and Utica.
Fifty three percent of respondents said a lack of technical knowledge was the biggest obstacle preventing them from creating effective water programs. Other obstacles were regulations (35%), operational costs (12%) and vendor costs & manpower.
The 5th annual Marcellus & Utica Shale Water Management Initiative promises to deliver a brand new, multi-platform experience featuring cutting edge E&P case studies and best practices for driving down water management costs.
To find out more about the event, visit: http://www.shale-water-marcellus-utica.com/.