Houston, TX – July 7, 2016. Rockwater Energy Solutions, Inc. is pleased to announce the purchase of US land-based Flowback, Well Testing and Water Transfer assets of a competitor exiting the market. These assets include high-quality, well-maintained equipment supporting the Permian and Gulf Coast regions. Rockwater intends to utilize these assets to expand its existing flowback, well testing, and water transfer services supporting the Mid Continent, Permian and Eagle Ford markets. In addition to the asset purchase, Rockwater will also assume possession of the competitor’s repair and maintenance facility in Odessa, Texas.
“We have been fortunate to grow market share recently, particularly in our South Texas, Mid-Continent and Permian regions,” stated Holli Ladhani, Rockwater President and CEO. “We anticipate activity levels will begin to increase in the coming months, and the addition of these assets will be essential in expanding our services to both existing and new customers within these basins.”
About Rockwater Energy Solutions
Rockwater Energy Solutions, Inc. provides extensive water and fluids management services and environmental solutions to the oil and gas industry by customizing cost-effective solutions associated with the full water life cycle. Rockwater offerings include water transfer by pipe; completion, stimulation, and production chemicals; water conditioning for reuse; proppant, guar, and additives for fracturing; flowback and well testing services; fluids transportation and storage; and logistics and distribution services to support its product and service offerings. Rockwater is headquartered in Houston, Texas, and has about 2,100 employees serving every major shale basin in North America.
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, opines on its prospects for future growth, 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.