Stallion Oilfield Services Ltd. said Jan. 3 it completed the acquisition of substantially all of the assets of Basin Wastewater Solutions LLC, a Carlsbad, N.M.-based provider of rig site potable water and wastewater recycling services for the Permian market.
The Basin acquisition allows Stallion to enhance its services to existing customers, and provide the Houston-based company with a well-regarded and technically differentiated product line, according to the release. The terms of the transaction weren't disclosed.
David Mannon, Stallion’s CEO, said in a statement, “Effluent and treated waste streams can now be recycled into the drilling and completions fluid life cycle. This process provides efficiencies to Stallion’s customers, drastically reduces onsite water requirements, and contributes to safer communities by reducing truck traffic to and from well sites.”
Stallion said it will rebrand the Basin service under Stallion Remote Treatment or StaRT and include the service in the suite of offerings Stallion provides to its existing customers.
Justin Moulton, Basin’s founder and managing member, said he believes that the combination with Stallion will allow the company to “accelerate the deployment and adoption of our industry-leading services.”
EnergyNet has been retained by Map K&W-OK to offer for sale of a 605 property package located in various counties in Arkansas, Colorado, Kansas, New Mexico and Oklahoma through an auction closing Aug. 20.
Tumbler Energy Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties.
Company also sells excess pipeline capacity to WhiteWater Midstream and MPLX.