October 4, 2019
Rystad Energy’s Friday snapshot this week focuses on the recently released “Water Management Report”, discussing trends in frac water demand, produced water, and its recycling opportunities across US unconventional plays.
Frac water demand is expected to increase 30% by 2022, with 53% of that increase taking place in the Permian Basin. The increase in water demand is mostly driven by increases in forecasted completions activity, and the continued trend towards longer laterals. Rystad Energy expects frac water demand across the US to hit 4.9 billion barrels in 2019, with 2.28 billion barrels taking place in the Permian Basin.
Rystad Energy normally defines spare capacity as a country’s unutilized capacity, including any current outages. In this case, however – given the short-term urgency of delivering the volumes in question – we have excluded outages in our estimate, as these barrels are offline for the coming weeks/months and therefore would not be available to be produced, refined and shipped in such a short timeline. Rystad Energy also notes that the Kingdom has lost 700,000 bpd of NGL production and gas condensate as a result of the attack, but this particular analysis focuses exclusively on crude oil supply.
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