Select Energy Services Expands Water Solution Capabilities With Acquisition Of Lone Star, LLC
(Houston, TX) – August 22, 2011 – Select Energy Services, LLC (“Select”), a water solutions, oilfield service and supply company headquartered in Houston, TX, announced today the acquisition of Lone Star, LLC (“Lone Star”), a salt water disposal facility in Weld County, Colorado.
Lone Star currently holds a 37-acre property and salt water disposal facility in Weld County, Colorado, in the heart of the DJ Basin and Niobrara Shale activity. Currently, there are 23 rigs running within a 20 mile radius of the Lone Star property and therefore the new facility should be advantageous for operators in the region due to the current shortage of disposal facilities in Weld County.
“The acquisition of Lone Star will provide Select with a valuable entrance point into salt water disposal services in the Rocky Mountain region and further compliment our current service offerings in the region,” said John Schmitz, CEO of Select. “We look forward to providing a cost effective solution to the region’s water solution and transportation needs.”
This transaction will augment Select’s current position in the Rockies and further bolster its regional water solutions division. The local demand for salt water disposal is robust and growing with the increased emphasis in the Niobrara Shale. Select’s entry into water solutions and transportation in Weld County marks a significant step forward in both Select’s presence and growth potential in the Rocky Mountain Region.
About Select Energy Services
Select Energy Services, LLC, is an oil and gas service company with operations in the Haynesville, Eagle Ford, Marcellus, Barnett, Fayetteville, Woodford, Granite Wash, Niobrara, and Bakken formations and throughout the Permian Basin. The company is a leading provider of Water Solutions and Environmental, Well Completions and Intervention, and Facilities Engineering and Construction services. For more information, please visit www.selectenergyservices.com.
If you would like more information about this topic, or to schedule an interview with John Schmitz, please call Brooke Jones at 9713-296-1000 or email Brooke at BJones2@selectenergyservices.com.