Rockwater Energy Solutions Acquires Silverline and Southwest Proppants & Services

June 01, 2012 | Download PDF

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.

About Rockwater Energy Solutions

Rockwater Energy Solutions, Inc. provides comprehensive fluids management services and environmental solutions, including water transfer by pipe; production, stimulation, and specialty chemicals, including friction reducers, corrosion and scale inhibitors, and biocides; environmentally-friendly hydraulic fracturing fluid components, such as food based guar and guar derivative products, and proprietary crosslinker technologies; pipeline additives; fluids management, logistics and transportation of fluids, proppants, and oilfield service products through its more than 670 trucks; transloading from rail and storage of sand and other proppant used in hydraulic fracturing; storage of crude oil and other fluids in its tank farms; and well testing and flowback services. Rockwater is headquartered in Houston, Texas, and has about 3,000 employees.

Forward Looking Statements. Rockwater Energy Solutions, Inc. (the “Company”), from time to time, provides estimates of financial and other data, comments on expectations relating to future periods and makes statements of opinion, view or belief about current and future events. Statements relating to future events and performance are “forward-looking statements.” Forward-looking statements are generally accompanied by words such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,” “could,” “may,” “foresee,” “plan,” “goal” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements are not guarantees of performance. The Company has based these forward-looking statements on its current expectations and assumptions about future events. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate under the circumstances. Actual results may differ materially from those implied or expressed by the forward-looking statements. These forward-looking statements speak only as of the date of this press release, or if earlier, as of the date they were made. By issuing estimates or making statements based on current expectations, opinions, views or beliefs, the Company has no obligation, and is not undertaking any obligation, to update such estimates or statements or to provide any other information relating to such estimates or statements. The Company faces a variety of risks that could cause actual results to differ materially from those that may be set forth in the forward-looking statements made by the Company. We caution you not to place undue reliance on any forward-looking statements.

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