Select Water Solutions to Acquire Pilot Water Solutions for $700 Million (+ up to $15 Million Contingent)

Select Water Solutions entered into a definitive agreement to acquire Pilot Water Solutions LLC for $700 million in an equity-and-cash deal, plus up to $15 million in additional contingent cash consideration. The transaction is expected to close in Q4 2026, pending regulatory approvals and customary closing conditions, and is intended to expand Select’s produced-water management and Delaware Basin water infrastructure network.