Under the terms of the agreement, Solaris Water now manages Concho’s produced water gathering, transportation, disposal and recycling for a 2.3 million-acre area of mutual interest located in Eddy and Lea counties in New Mexico. Mary T. Starnes © 2020 Solaris Midstream. HOUSTON – July 29, 2020 – Solaris Water Midstream, LLC ( “Solaris Water”) announced today the company has expanded its existing joint venture with Concho Resources Inc. (NYSE: CXO) (“Concho”). Produced Water and Flowback Gathering and Transportation. “The Solaris Water team has proven its ability to deliver complete, integrated water management solutions to the industry, including large-scale produced water recycling. The integrated  system  spans  approximately  1  million  acres  in  Eddy  and  Lea  counties  in  New  Mexico  and Culberson, Loving and Reeves counties in Texas. HOUSTON--(BUSINESS WIRE)--Solaris Water Midstream, LLC ( “Solaris Water”) announced today the company has expanded its existing joint venture with Concho Resources Inc. (NYSE: CXO) (“Concho”). A wholly owned subsidiary of Solaris Midstream Holdings, LLC, Solaris Water is an independent, growth- oriented company based in Houston with offices in Midland, Texas, and Carlsbad, New Mexico. Solaris Water owns, operates and designs crucial water infrastructure assets across the Permian Basin.

Solaris Water currently operates cost-effective, efficient and reliable produced water gathering, transportation, disposal, recycling and storage infrastructure and frac-water sourcing and infrastructure in the Midland and Delaware basins. Chevron overtakes Exxon Mobil as America’s largest oil company, Houston company constructs Permian water recycling facility, This postseason Astros gear is the hug you need right now, Never forget to change your home's air filter again, Have some skele-fun at this Halloween cooking class for kids, New Chrome extension can save you hundreds. Solaris Midstream is an independent, growth-oriented midstream company headquartered in Houston, Texas, that owns, operates and designs crucial midstream assets across key unconventional U.S. basins.

“We are excited to broaden our partnership with Solaris Water to include effective water management solutions in Lea County, New Mexico.”. Solaris Midstream is an equal opportunity employer. Solaris Water’s infrastructure in the northern Delaware Basin now includes more than 500 miles of high-capacity water pipelines in service or under construction, over 1  million  barrels  per  day  of  disposal  capacity,  more  than  2.2  million  barrels  per  day  of  additional permiaed disposal capacity and 500,000 barrels per day of water treatment and recycling capacity. Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas.

“On behalf of Trilantic North America, Yorktown, HBC Investments and the rest of the investor group, I am delighted to join Yorktown’s Founding Partner Howard Keenan and HBC Investments Founding Partner Joe Colonneaa to announce an increase in our equity capital commitments to Solaris Water Midstream,” said Trilantic North America Managing Partner Christopher Manning. New Mexico's House Bill 546 into law went into effect on July 1 while Texas' House Bill 3246 will go into effect on Sept. 1. The company's filing status is listed as Active and its File Number is 5289920. Solaris Water currently operates cost-effective, efficient and reliable produced water gathering, transportation, disposal, recycling and storage infrastructure and frac-water sourcing and infrastructure in the Midland and Delaware basins. Solaris Water and Concho have extended and increased the scope of their long-term produced water management agreement, which previously covered all of Concho’s acreage in Eddy County, New Mexico, to also include all of Concho’s acreage in Lea County, New Mexico. In conjunction with the new transaction, Solaris Water’s private equity sponsors and management have increased their capital commitments to the company. With  the  completion  of  this  transaction  last  month,  Solaris  Water  took  ownership  of  nine  additional saltwater  disposal  wells  and  approximately  80  additional  miles  of  existing  large-diameter  produced water gathering pipelines from Concho. “Since we partnered with management to start the business in 2016, Solaris has become one of the leading water solutions providers in the U.S. by building a “cradle to grave” water infrastructure system in the core of the Delaware Basin. Solaris is committed to responsible citizenship. Our assets are designed to reduce operating costs for producers and improve health, safety and environmental conditions in communities surrounding oil and gas development. For more information on career opportunities at Solaris, please send your cover letter and resume to HR@solarismidstream.com. © 2017 CONCHO RESOURCES INC., ALL RIGHTS RESERVED, Solaris Water Midstream Expands Water Infrastructure Joint Venture with Concho Resources, Committee Composition & Governance Documents. Bill brings over 30 years of experience to Solaris, with an extensive background in both building and managing growth businesses and energy industry investing. As a growth-oriented company, we offer career development opportunities, training and benefits to support the growth of our team. Houston-based Solaris Water Midstream LLC has made a move on debt funding to fuel its growth in the Permian Basin. 303.433.4397 x 101 o “The Solaris Water team has proven its ability to deliver complete, integrated water management solutions to the industry, including large-scale produced water recycling. All rights reserved. Our goal is to lower water service costs by providing customer-centric midstream solutions that enable producers to focus upstream on what they do best — exploration and production.

Fuel Fix: Get daily energy news headlines in your inbox. 432.221.0477 o. Solaris Water Midstream and Concho Resources have extended and increased the scope of their long-term produced water management agreement.

Our midstream strategy reflects this commitment, as we seek to reduce trucking on county roads, construct pipelines and infrastructure for long-term use, and responsibly dispose of all wastewater volumes. Solaris Water owns, operates and designs crucial water infrastructure assets across the Permian Basin. About Solaris Water Midstream, LLC A wholly owned subsidiary of Solaris Midstream Holdings, LLC, Solaris Water is an independent, growth-oriented company based … Under the terms of the agreement, Solaris Water now manages Concho’s produced water gathering, transportation, disposal and recycling for a 2.3 million-acre area of mutual interest located in Eddy and Lea counties in New Mexico. Solaris Midstream’s executive management team has founded and led several successful oil and gas midstream, oilfield services and water management companies, including NGL Energy Partners LP, Dynegy, Nuevo Midstream, Torch Energy Advisors and Solaris Oilfield Infrastructure. Our mission is to enable customers to focus on exploration and production while we deliver a best-in-class suite of midstream services. Solaris Water Midstream Expands Water Infrastructure Joint Venture with Concho Resources Solaris Water Midstream and Concho Resources have extended and increased the scope of … About Solaris Water Midstream, LLC. On Tuesday, Solaris announced that the company has started operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center in Eddy County and started construction for the Bronco Water Recycling and Blending Center in neighboring Lea County. 303.507.0510 m With  this  additional  capital,  the  team  will  be  able  to  take  advantage  of  a  number  of compelling  organic  and  inorganic  opportunities  that  we  see  in  an  otherwise  challenging  business environment.”. Megan P. Hays In conjunction with the new transaction with Concho, Solaris Water’s private equity sponsors and management have increased their capital commitments to the company. Solaris Midstream is headquartered in Houston, Texas, and owns, operates and designs assets across key unconventional U.S. basins. Are astronaut-style face shields the future of PPE? What's going on with the Astros' Jose Altuve? All rights reserved. “On behalf of Trilantic North America, Yorktown, HBC Investments and the rest of the investor group, I am delighted to join Yorktown’s Founding Partner Howard Keenan and HBC Investments Founding Partner Joe Colonnetta to announce an increase in our equity capital commitments to Solaris Water Midstream,” said Trilantic North America Managing Partner Christopher Manning. Solaris Midstream understands the industry’s constantly evolving technical landscape and the unique challenges producers face in today’s oil patch. Houston oil field water management company Solaris Water Midstream is expanding its water recycling operations in the New Mexico side of the Permian Basin. Midstream Moves: Solaris begins water recycling operations in the Permian Basin Launched in November 2015 and financially backed by the … We are working today to deliver a beaer tomorrow for our shareholders, people and communities. The company's expansion in the Permian Basin comes at a time when water is top of mind in both Texas and New Mexico. Solaris Midstream Db-Nm, LLC is a New Mexico Foreign Limited-Liability Company filed on October 7, 2016. casey.nikoloric@ten10group.com, For Concho Resources "Our integrated system both saves our customers money and provides significant environmental and safety benefits. Sergio Chapa covers the oil & gas industry for the Houston Chronicle and writes for Texas Inc., a weekly Monday insert dedicated to covering the most powerful business leaders in Texas. The system currently serves 24 oil and gas producers, including Concho. For more information about Concho, visit www.concho.com. Please use the form on this page to reach out to us.



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