Stallion Oilfield Services Ltd announced that it has completed its acquisition of substantially all of the assets of Basin Wastewater Solutions LLC, a provider of rig site potable water and wastewater recycling services. Basin is based in Carlsbad NM and services the entirety of the Permian market.
The Basin acquisition allows Stallion to enhance its services to existing customers, and provide Stallion with a well-regarded and technically differentiated product line. “Effluent and treated waste streams can now be recycled into the drilling and completions fluid life cycle,” said David Mannon, Stallion’s chief executive officer. “This process provides efficiencies to Stallion’s customers, drastically reduces on-site water requirements, and contributes to safer communities by reducing truck traffic to and from well sites.”
Justin Moulton, Basin’s founder and managing member, added: “Basin has a track record of innovation, environmental stewardship, high customer satisfaction, and dependable value. We believe that by combing our forces with Stallion and Stallion’s reputation, deep customer relationships and seasoned management team, we will be able to accelerate the deployment and adoption of our industry leading services.”
Stallion 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.