Aris Water Solutions enters strategic agreement with Chevron, ConocoPhillips

Aris Water Solutions (ARIS) announced that it has entered into a strategic agreement with Chevron U.S.A. (CVX) and ConocoPhillips (COP) to develop and pilot technologies and processes to treat produced water for potential beneficial reuse opportunities. Aris, Chevron, and ConocoPhillips’ goal is to develop cost effective and scalable methods of treating produced water to create a potential water source for industrial, commercial, and non-consumptive agricultural purposes. This Agreement demonstrates Chevron, ConocoPhillips, and Aris’ continued commitment to responsible water management and leadership in working towards beneficial reuse of treated produced water in a water scarce region. Aris will lead the engineering, construction, and execution of the testing protocols and pilot projects while leveraging the combined technical expertise of Chevron and ConocoPhillips. The treated water will then be reused in a variety of ongoing research projects, including non-consumptive agriculture, low emission hydrogen production, and the direct air capture of atmospheric carbon dioxide. Aris, Chevron, and ConocoPhillips will work with appropriate regulators, with a goal to complete testing and performance evaluation of pilot technologies by the end of 2023.