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Select Water Solutions Acquires Haynesville and Rockies Assets

n January 2024, Select completed three key acquisitions in East Texas and the Rockies for about $90 million.
Bought Tri-State Water Logistics, LLC's assets, a top saltwater disposal provider in Haynesville Shale.
Acquired Iron Mountain Energy LLC's treatment and disposal operations, known for fluids and solids disposal in Haynesville Shale.
Purchased water gathering and disposal infrastructure in the Rockies, including additional capacity for disposal and recycling.

Select Water Solutions, a leader in water and chemical services for the energy industry has bought key water assets in the Haynesville Shale and Rockies for $90 million. This deal adds 450,000 barrels per day of capacity with disposal wells and treatment facilities, boosting Select's operations.

"In the Rockies, our latest addition provides long-term contracted produced water streams and disposal solutions, with approximately 85% of the volumes received in 2023 covered under long-term contracts. When coupled with our current recycling capabilities in the Rockies, the additional permitted recycling capacity from this acquisition will enhance our ability to provide expanded comprehensive produced water management solutions to our customers. Not only do these acquisitions fit our near-term strategy to grow and expand our production-based and contracted revenues within our Water Infrastructure segment, but they provide further development potential for two of our critical regional infrastructure networks. Expanding and further integrating these recycling, disposal and pipeline networks provides financial and environmental benefits to our customer and the communities where we operate."

John Schmitz, Chairman of the Board, President and CEO

The company is incorporating Iron Mountain and Tri-State Water's operations into its existing 60-mile pipeline in Haynesville Shale. This will increase its capacity and extend its service area. New treatment facilities will also enhance Select's ability to manage waste, improving its services in Haynesville.

Tri-State Water Logistics Acquisition

Select acquired Tri-State Water Logistics' disposal assets in January 2024. This purchase enhances Select's disposal services in the Haynesville Shale, East Texas, adding 11 disposal wells and boosting capacity by 155,000 barrels per day. The deal includes permits for expanding capacity and a long-term agreement to support these facilities. These assets complement Select's existing network, improving efficiency in water transport and disposal.

Iron Mountain Energy Asset Purchase

In the same month, Select bought assets from Iron Mountain Energy, located in East Texas. This acquisition adds 159,000 barrels per day of disposal capacity through 11 wells and introduces a new solids treatment facility to Select's operations. It comes with long-term contracts and is expected to create additional revenue through improved operations and services, complementing the Tri-State acquisition.

Rockies Region Assets Acquisition

Select also expanded in the Rockies region with the purchase of disposal and recycling assets. This includes 20,000 barrels per day of active disposal capacity and potential for further expansion. Supported by long-term agreements, these assets allow for better networking of Select's recycling and infrastructure services, offering superior water management solutions in the Rockies.

About Select Water Solutions

Select Water Solutions, Inc. is a leading provider of water and chemical solutions aimed at the energy industry, with a strong focus on sustainability. The company leverages its extensive water infrastructure, chemical production, and water treatment and recycling technologies to support its operations. Select is committed to the safe and responsible management of water resources throughout the entire lifecycle of a well.

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