As the oil and gas industry progresses towards a more environmentally friendly future, companies in the sector are seeking innovative environmental, social and corporate governance (ESG) solutions to a variety of issues. Water is a necessary component of several resource extraction methods, from oil sands mining to hydraulic fracturing and other processes, and its handling is one of the industry’s most important environmental issues.
“Historically, if you look at the oil and gas industry as a whole, or specifically in the Permian Basin, which is the most profitable shale basin in the United States, the way water is managed and sourced has always been fragmented,” explained Dr. Chris Harich, chief operating officer of XRI.
On the forefront of midstream water management and reclamation, the ambitious portfolio company of Morgan Stanley Energy Partners brings ingenious technological solutions to the cost effective and sustainable use of completion fluids in the sector. (In industry parlance, water is referred to as ‘completion fluid’ and ‘production water’ because it is required in the development of wells, and is also a by-product of oil and gas production.)
Harich, who holds a PhD in Water Resource Engineering from the University of Southern California, recalled that when the company initially set up shop in Midland, Texas in 2013, the western and central parts of the state were gripped by drought and beset by wildfires that were straining the area’s water infrastructure. At the time, XRI’s main business focused on finding and developing brackish groundwater sources.
“Cities that relied heavily on groundwater were running out of fresh potable water. We saw how the drought was straining supply, and we decided to build a business that didn’t rely on fresh water,” he said.
Continue reading your story on the app
Continue reading your story in the magazine
THE WAY OF WATER
XRI’s sustainable water solutions are revolutionizing the water midstream industry.
FROM NICHE TO NEED IT TODAY
Once viewed as ‘nice to haves,’ amenities like online ordering and curbside pickup are redefining the grocery shopping experience.
Hospice Industry INFLUENCERS
Attending to a person in their hour of death is one of the most honorable and sacred things we can do for one another. Through state-of-the-art technology, education, and a deep devotion to compassionate care Maxwell Healthcare Associates aims to forever change the way we live our final days.
Clean up your act
RENEWABLE ENERGY IS GREAT, BUT RENEWABLE WASTE OIS A REAL PR BLEM. HERE’S WHAT CAN BE DONE ABOUT IT.
THE FUTURE OF FOOD LOGISTICS
HOW THE FOOD SUPPLY CHAIN IS CHANGING IN THE WAKE OF COVID-19
UNDER THE WEATHER
THE FACTORS THAT CAUSE CLIMATE CHANGE ALSO MAKE US SICK.FIGHTING IT CAN SAVE MILLIONS OF LIVES
WALK THE LINE
THERE’S A LOT TO LIKE ABOUT SAUDI ARABIA’S PROPOSED SUSTAINABLE CITY. BUT IT’S ALSOE 105 MILES LONG, AND THAT’S JUST BEGINNING OF OUR PUZZLEMENT.
TO BOLDLY GO
An astoundin mission to bring the internet to everyone on the planet is changing the way we think about mass production and procurement. Airbus Oneweb Satellites is shattering earthly bonds and long-held expectations about the linits of possibility.
5 REASONS FINANCE TEAMS SHOULDN’T RETURN TO BUSINESS AS USUAL
A year of COVID
MY OH MY, HOW THINGS HAVE CHANGED
EMERGING NEW-AGE ENTREPRENEUR IN FOOD & RESTAURANT INDUSTRY
Chennai’s East Coast Road (ECR) is one of the most scenic routes in the city and has been a favorite for late-night long drives for decades. However, beyond the beautiful roads and scenic drives, ECR is a destination unto itself with several attractions that deserve a visit.