Rockwater Energy Solutions Acquires Silverline and Southwest Proppants & Services
Rockwater Energy Solutions, Inc., a fluids management and environmental solutions oilfield service provider, announced today the acquisitions of Southwest Proppants & Services, LLC (“SWP”) and Silverline Transportation, LLC (“Silverline”), oil field services companies headquartered in Midland and Odessa, Texas, respectively. SWP sources and supplies sand and other proppant and provides rail, storage and transloading logistics, and Silverline provides transportation logistics for sand and proppant, both in support of hydraulic fracturing operations for oil and gas customers throughout the Permian and Eagle Ford basins.
SWP provides sand and proppant brokering and logistics at multiple locations across Texas, including rail transloading and storage, and unit train processing capabilities. Silverline brings to Rockwater fifteen years of experience in proppant logistics in the oilfield, a strong management team, and a well maintained fleet of assets.
“SWP and Silverline make a great addition to the Rockwater service offering and strengthen our ability to provide proppant products and services to our customers in South and West Texas. Prior to this acquisition, our U.S. sand and proppant offering was focused within the Bakken region,” commented Larry O’Donnell, Chairman, President and CEO of Rockwater. “These acquisitions further solidify Rockwater’s ability to provide comprehensive fluids solutions to our customers within these two rapidly growing basins.”
“Joining the Rockwater team brings opportunities to expand our footprint into other energy markets. We look forward to growing our offering of proppant supply and logistical services throughout the Rockwater customer base,” noted Paul Miller, Vice President of SWP.
“This was a great opportunity to bring the market experience and reputation of Silverline into the broad folds of the Rockwater fluids offerings,” said Ronnie Harpe, President and founder of Silverline and SWP.