Milestone Announces Acquisition of Permitted Water Disposal Network, Groundbreaking of New Slurry Injection Facility Near Big Spring
HOUSTON and MIDLAND, Texas – June 26, 2019 – Milestone Environmental Services (Milestone), an industry leader in oilfield waste disposal services, today announced the acquisition of an asset package containing three leases and four injection permits located in Howard County, Texas. Additionally, Milestone broke ground last week on a new slurry injection facility near Big Spring, Texas. The new location will allow Milestone to better serve the increasing drilling activity in the northern Midland Basin.
This acquisition delivers Milestone an additional 155,000 barrels per day of permitted injection capacity, with the ability to interconnect receiving points and injection wells as a single, integrated, production waste management network in the northern Midland Basin. The move gives Milestone an attractive opportunity to focus its advanced injection and development expertise on the production waste streams of the Permian. “Water disposal infrastructure is a valuable and natural complement to our existing business, which builds on our deep injection experience, superior operating record, and blue chip customer base,” shared Milestone President and CEO Gabriel Rio.
The Big Spring slurry injection facility, where construction commenced last week, is located about 8 miles north of the town of Big Spring, on the east side of State Highway 87 near the intersection of FM 1584 in Howard County. The facility is scheduled to open in the fourth quarter of 2019, and will accept drilling, completion, and production waste streams, including oil-based and water-based muds, drilling fluids, flowback, tank bottoms, dirty water, and produced water. Like Milestone’s seven other slurry injection facilities, the Big Spring location will also provide full-service washouts for trucks and frac tanks.
Big Spring is the third new facility announced by Milestone this year. In March, the company received permitting for a new landfill in Orla, Reeves County, Texas, and started construction on the site in May. The Texas Railroad Commission awarded Milestone their second landfill permit in April, located 34 miles south of Midland in Upton County.
“The Permian Basin continues to out-produce the rest of the United States in drilling and oil and gas production. The increasing volume of activity demands efficient and effective resources to support the industry as it progresses,” said Rio. “Milestone’s ongoing strategic expansion will support growing customer needs for disposal, as well as our goal to have a facility within an hour of every customer in the region.”
About Milestone Environmental Services
Milestone Environmental Services is an oilfield waste disposal services provider with an environmentally focused, cost-effective, and efficient approach to managing oilfield waste. Milestone operates strategically located, state-of-the-art disposal facilities that provide dependable, local services for leading U.S. oil and gas operators. Milestone is a premium provider of oilfield waste disposal, operating for more than 25 years. The company is headquartered in Houston, Texas, and currently operates seven oilfield waste management locations in the Permian Basin, Eagle Ford Shale and Haynesville Shale. For more information, please visit www.Milestone-ES.com.
Jessica Clements, (832) 450-4389, firstname.lastname@example.org