When it comes to effective water management, forging strong relationships, being able to adapt and sufficiently meet the needs of E&P companies and having the ability to always be where the action is are proving to be crucial for water midstream companies.
The companies, just like the operators they provide services for, are using lessons learned during previous downturns and coming up with ways to survive when the work slows and thrive as it returns. Some are grateful for having secured access to equity capital, locked in long-term contracts and not having overleveraged balance sheets before market conditions soured.
Looking ahead, they already have sights on growth opportunities, eyeing where services will be needed most and ways they can provide an added benefit for operators.
As the oil and gas industry regains strength from a bleak moment in history—with a global pandemic, slowed demand, less production and record low oil prices on the 2020 timeline—Oil and Gas Investor profiles three water midstream companies that are pushing through challenging but improving times.