Select Energy Services Acquires Complete Energy Services from Superior Energy Services

Select Energy Services Acquires Nuverra Environmental Solutions

February 23, 2022

Energy

Select Energy Services (NYSE:WTTR) completed the acquisition of Nuverra Environmental Solutions (NYSE American: NES) in February 2022, issuing 0.2551 shares of Select Class A common stock for each Nuverra share and converting Nuverra warrants into Select warrants. The deal brings Nuverra’s pipelines, disposal wells and landfill operations (and more than 350 employees) into Select’s water services platform, expanding its disposal capacity, geographic footprint (Bakken, Haynesville, Northeast) and production-related service offerings.

Select Water Solutions Acquires Haynesville and Rockies Water Infrastructure Assets

January 30, 2024

Energy

Select Water Solutions (NYSE: WTTR) acquired three strategic produced-water infrastructure portfolios in the Haynesville Shale and the Rockies for approximately $90 million in cash, adding roughly 450,000 barrels per day of permitted disposal capacity across 21 active saltwater disposal wells, two slurry injection wells, and additional permitted recycling capacity. The transactions include the disposal assets and operations of Tri-State Water Logistics, LLC and substantially all assets of Iron Mountain Energy LLC, and additional Rockies disposal/recycling infrastructure, and are expected to be accretive to Select's Water Infrastructure segment while expanding its geographic footprint and treatment capabilities.

Select Energy Services Acquires Agua Libre Midstream and Water Assets from Basic Energy Services

October 12, 2021

Oil & Gas

Select Energy Services, an SCF Partners portfolio company, acquired substantially all assets of Agua Libre Midstream, LLC and certain water-related assets and operations of Basic Energy Services, L.P. The deal adds more than 550,000 barrels per day of permitted disposal capacity across Texas, New Mexico, Oklahoma and North Dakota—roughly doubling Select’s produced-water disposal footprint to about 2 million barrels per day—and is an add-on to its water infrastructure platform.

Precision Drilling Corporation Acquires CWC Energy Services Corp.

September 7, 2023

Oil & Gas

Precision Drilling Corporation has entered into an agreement to acquire all issued and outstanding common shares of CWC Energy Services Corp. for approximately $141 million in total consideration (947,909 Precision shares valued at ~$88M, $14M cash, plus assumption of debt). The acquisition adds 62 marketed service rigs in Canada and 18 marketed drilling rigs (including 11 in the U.S.), and is expected to generate about $20 million of annual operating synergies while supporting Precision's deleveraging plan.

EnergySolutions Acquires Substantially All Assets of Williams Industrial Services Group for $60M

July 24, 2023

Industrial Services

EnergySolutions agreed to acquire substantially all assets of Williams Industrial Services Group Inc. for $60 million through a Section 363 sale as part of Williams' Chapter 11 process. The deal (for Williams' nuclear, fossil, energy delivery and paper mill operations) excludes Williams' water contract operations in Florida and Texas and is intended to expand EnergySolutions' nuclear services and plant-support capabilities.

Energy Transfer Acquires WTG Midstream for $3.25 Billion

May 28, 2024

Oil & Gas

Energy Transfer LP agreed to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion, comprising $2.45 billion in cash and ~50.8 million newly issued Energy Transfer common units. The deal, from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, adds WTG's Permian-focused midstream assets — including a 6,000-mile pipeline network, eight processing plants (≈1.3 Bcf/d) and a 20% interest in the BANGL NGL pipeline — to Energy Transfer's footprint to enhance its gas/NGL supply, processing and downstream capabilities.