Month: November 2017

by:Business Wire

 
Dallas, Texas, November 21, 2017 /Business Wire/ — Oilfield Water Logistics (“OWL”) and privately-held Midland Basin operator Boyd & McWilliams have executed a long-term produced water gathering and disposal agreement. The mutually beneficial arrangement allows Boyd & McWilliams to direct more capital and operating attention to developing its oil and gas assets and dedicates its unique acreage position in Winkler County to OWL to expand permanent water handling infrastructure in the region.

“On behalf of the OWL team, we appreciate the opportunity work with Boyd & McWilliams and add to our diversified, best-in-class customer list,” says Chris Cooper, CEO. “This agreement is a win-win, allowing them to reduce capex and LOE and focus on oil and providing us the opportunity to expand our midstream water systems.” Toby McWilliams of Boyd & McWilliams agrees, saying, “We need to use our time and money finding and producing oil and gas and leave water disposal to those who do it for a living.”

As an established leader in midstream water gathering and disposal in the Permian with a core Delaware position, this agreement further expands OWL’s existing Midland Basin footprint. OWL is exclusively focused on water infrastructure and services and is backed by private equity firm Natural Gas Partners (“NGP”).

About OWL
Oilfield Water Logistics, LLC (OWL) provides midstream water infrastructure and services to the energy industry in Texas, New Mexico, Colorado, Utah and Wyoming, with offices in Midland, Denver and Dallas. OWL currently operates 25 saltwater disposal wells and facilities with over 200 miles of high capacity water pipeline, and has over 150,000 dedicated acres from leading operators in the Permian Basin. Through its partnership with NGP and others, OWL continues to expand its water infrastructure network, providing liquidity and reducing capex and overhead for its E&P customers. www.oilfieldwaterlogistics.com

About Boyd & McWilliams
Boyd & McWilliams is a privately held oil and gas exploration and production company in its 39th year of operation with over 70,000 acres and an exclusive focus in the Permian Basin.

by: Houston Business Journal

 
Houston, Texas, November 20, 2017 — One of the top executives of Houston-based energy investment bank Tudor, Pickering, Holt and Co. said she thinks there could be real improvement in energy industry gender diversity within the next five years.

One sign is that interest in conferences for women in energy has been increasing, CFO and Partner Alie Pruner said. Another is that women have taken more seats on the boards of public energy companies, she said.

“I am very optimistic,” Pruner said. “The tone really starts at the top.”

Women make up 25 percent of the global workforce in the energy industry, according to 2017 data from the World Economic Forum.

“We just aren’t at that tipping point of critical mass yet,” Pruner said.

Pruner was speaking in an interview days after she and Jill Lampert, the chief financial and administrative officer for Irving, Texas-based private equity firm NGP Energy Capital, co-hosted a conference for NGP that features executive women.

“A conference, believe it or not, is part of the solution, as opposed to a gathering to talk about a solution,” Pruner said. “For the younger generation to see highly successful leaders is especially important.”

Conferences also give women in the industry a chance to connect with others sharing similar experiences, Lampert said.

“It was about creating connections, and those connections create opportunities,” Lampert said.

Pruner is also the CFO and partner at New York-based financial services firm Perella Weinberg Partners, which combined with Tudor Pickering in late 2016.

by Joshua Mann