This SPE Distinguished Lecture presentation is focused on highlighting the challenges encountered, lessons learned, and best practices companies can implement in their efforts to be better stewards of freshwater resources.
In early 2013, a small multi-discipline team closely evaluated all elements within the operational water life cycle and identified cost-competitive ways to optimize the company’s freshwater usage. Although the processes dramatically reduced freshwater requirements by up to 30% in some operating areas and saved the company more than $20 million dollars, another factor was required in order to completely offset the need for the remaining freshwater use.
Thus, investment in conservation projects was implemented to improve freshwater resources within basins where operations occurred, achieving freshwater neutral required improvements in everyday work practices and a change in the mindset of water management across the company.