Select Energy Services Strengthens Water Solutions and Environmental Services Capabilities With Acquisition Expansion In The Permian Basin
(Houston, TX) – August 19, 2011 – Select Energy Services, LLC (“Select”), a water solutions, oilfield service and supply company headquartered in Houston, TX, announced today the acquisition of Riverside Transportation, Inc. (“Riverside”), an oilfield fluid hauling and disposal company based in Carlsbad, NM, and Blue Star Oilfield Services, LLC (“Blue Star”), a tank truck services company operated by Riverside.
“Riverside has established a strong presence in the Permian by offering efficient and experienced water solutions services to their customers,” said John Schmitz, CEO of Select. “We look forward to working with Riverside to expand Select’s current operations into the active unconventional shale part of the basin.”
The Riverside acquisition presents several unique opportunities that will allow Select to expand its service offering in the Permian Basin. Specifically, the acquisition provides Select with increased fluid hauling services and a water station, permitted by the municipality of Carlsbad, for supplying water to hydraulic fracturing operations.
“Daniel and his team have developed close relationships with several key operators in the region over the past ten years,” said John Schmitz, CEO of Select. “We are confident that Mr. Baeza will significantly benefit the introduction of Select’s other service lines to the region.”
Currently, Select offers water transfer services in the West Texas area of the Permian through its SweetH2O Transfer Services division. This move allows Select to launch operations in the western portion of the Permian Basin. Daniel Baeza, founder of Riverside, will lead fluid hauling and disposal operations in the region. Select will introduce its additional service lines to operators, while providing Riverside with the capital they need to meet an increased demand for water solutions services.
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 713-296-1000 or email Brooke at BJones2@selectenergyservices.com.