Texas earthquake may limit oil companies' saltwater disposal options

A 4.4-magnitude earthquake rocked the largest U.S. shale field on Wednesday could lead to more restrictions on how saltwater associated with oil and gas production is disposed of, analysts said.

The quake was the largest yet in the Stanton Seismic Response Area (SRA), an area of ​​the Permian Basin near Midland, Texas, where regulators were already monitoring seismic activity associated with the disposal of salt water, a natural byproduct of oil and gas production.

The Texas Railroad Commission (RRC), which regulates the state's oil and natural gas industry, in 2022 developed a plan aimed at preventing earthquakes larger than 3.5 in that area by mid-May of this year.

Some deepwater drainage wells in the Stanton area have already been closed as part of that plan.

“The only risk is that the event will lead to an expansion of the SRA,” said Kelly Bennett, CEO of water analytics firm B3 Insights, adding that production in the region was unlikely to be affected.

The RRC in January this year banned saltwater injection into a separate part of the Permian, called the Northern Culberson-Reeves Seismic Response Zone, after a series of seven earthquakes up to magnitude 5.2 occurred in a period of just five weeks seaward. End of last year.

The ban applied to 23 wells in the region and affected producers including Chevron, BP and Coterra Energy.

It's unclear whether the reconstruction committee will impose additional restrictions in Stanton after Wednesday's quake, said Laura Capper, CEO of Energy Makers Advisory Group, a water management and risk mitigation consulting firm.

“But this was a noteworthy size that we would want to avoid,” she added.

(Reporting by Georgina McCartney in Houston; Editing by Liz Hampton and David Gregorio)

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