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.”
Recommended Reading
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
2024-04-25 - Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
US Interior Department Releases Offshore Wind Lease Schedule
2024-04-24 - The U.S. Interior Department’s schedule includes up to a dozen lease sales through 2028 for offshore wind, compared to three for oil and gas lease sales through 2029.
Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
2024-04-24 - More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
2024-04-24 - Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Venture Global Gets FERC Nod to Process Gas for LNG
2024-04-23 - Venture Global’s massive export terminal will change natural gas flows across the Gulf of Mexico but its Plaquemines LNG export terminal may still be years away from delivering LNG to long-term customers.