Ace Gathering Holdings LLC said March 6 it has completed its acquisition of Recoil Energy Systems LLC, a provider of crude oil reclamation services.
Recoil, founded in 2014 and headquartered in Abilene, TX, provides oil reclamation services including tank cleaning, oil recovery, oilfield waste fluid handling and disposal services throughout the Permian Basin for saltwater disposal wells, crude oil production tanks and pipelines.
“Recoil’s broad service coverage in the Permian Basin alongside Ace Gathering’s rapidly growing gathering system creates an unmatched offering in the region,” Abe Templeton, Recoil’s founder and general manager, said.
“Recoil’s reclamation facility located southeast of Midland immediately expands our footprint alongside our newly launched reclamation facility located on the southwest side of Odessa. The combination allows us to capitalize on immediate opportunities and continue our rapid expansion,” Mike Clinard, Ace’s chairman and CEO, said.