Water Midstream Consolidation Trends Likely to Continue

摘要

With returns in question, operators look to divest cost-prohibitive operations. In their efforts to win back investor and analyst confidence, operators are going through their closets to see what no longer fits. Operators are increasingly finding that their water midstream assets don't fit as well as they used to. During 2019 and into 2020, the likes of PDC Energy (which eventually merged with SRC Energy), Continental Resources, Noble Energy and Concho Resources, among others, all shed water management assets from supply lines to disposal wells.