Here’s the release from Select Energy Services via Business Wire:
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.