Severe drought conditions are exacerbating scarcity issues across the U.S., driving legislators to champion agriculture over O&G production. As regulatory pressures mount and costs rise, producers must adopt alternative ways to use water.
New Mexico sits at the epicenter of the regulatory debate on water.
In New Mexico, resource ownership (surface, minerals, water) leans heavily towards public vs. private ownership.
Frequently, Oil and Gas operations are perceived to create ranching and farming disruptions, resource scarcity (notably, labor and water) and ultimately, drive-up costs for non-O&G surface operations.
In Texas, where most of the mineral ownership is private, these adverse impacts are offset by revenues derived from O&G development. Typically, in New Mexico, these revenues go to the benefit of the State or Federal Govt, leaving only downside for the surface lessors.
In March 2021, New Mexico’s State Legislature started taking meaningful measures to address higher input costs related to scarcity and attempted to ban freshwater for use in fracking operations. Freshwater sales for fossil fuel development from state land are currently banned by the New Mexico State Land Office.
SOLVE THE WATER PROBLEM THROUGH CONSERVATION & COST EFFICIENCY
IWS’ intake fee structure is competitively priced vs. saltwater disposal well rates while recycled water resale pricing is as low as 25% of the cost of freshwater resulting in a savings of 10% – 30% of CapEx and 5% to 20% of OpEx.
IWS helps operators address the need to be better stewards of resources and the environment through recycling wastewater into a reusable product for future drilling and completions. Unlike other water recycling operations IWS is 100% chemical free and a leader in the ESG industry initiative with its proprietary patent pending technology.
Invest in IWS
IWS is the definition of an ESG company. An investment in IWS is an investment in the future of oil & gas water management.