Executives from Guidon Energy and Waterfield Midstream jointly described their facilities and cooperating agreement Nov. 5 during a water forum presentation held in conjunction with Hart Energy’s Executive Oil Conference. Private equity provider Blackstone Energy backs both firms.

To be frank, “You’re a water company and your byproduct is oil and gas. That’s the case nowadays” in the Permian, Brett Creeser, Guidon’s COO, told forum attendees. The big basin’s unconventional plays produce many times as much water as hydrocarbons and that requires innovative ways to safely and efficiently recycle that flow to frac jobs and to disposal wells.

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