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Profile: Select Energy Services Inc (WTTR.N)

WTTR.N on New York Stock Exchange

10.90USD
19 Oct 2018
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Select Energy Services, Inc., incorporated on November 21, 2016 is a holding company. The Company is provider of total water solutions to the United States unconventional oil and gas industry. The Company is engaged in sourcing and transfer of water (both by permanent pipeline and temporary pipe) prior to its use in drilling and completion activities associated with hydraulic fracturing or fracking, which collectively referrd to as pre-frac water services. The Company provides its services to major integrated and large exploration and production (E&P) companies. The Company also provides complementary water-related services that support oil and gas well completion and production activities including containment, monitoring, treatment, flowback, hauling and disposal. The Company’s operating segments include water solutions, accommodation and rentals, and wellsite completion and constructive services.

Water Solution

The Company operates its water solution segment through its subsidiary Select Energy Services, LLC, is a provider of water solution to customer that include integrated oil companies and independent oil and gas producers. The Company’s water solution segment provides a range of services which include: The water sourcing service line helps E&P companies source water used for drilling and completion operations from surface, ground and industrial water sources. Water transfer service line provides high-volume, high-rate water transfer services through permanent pipeline systems and temporary pipe systems. This service is utilized to transfer water from a source to a containment location on or off the wellsite, from the containment directly to the well to support completion operations, and, in certain circumstances, directly from the source to the well. The permanent pipeline systems are located in the Bakken, the SCOOP and the Haynesville, which include: Charlson pipeline system is located on the eastern side of McKenzie County, North Dakota, and consists of 32 miles of operational pipeline. The Iverson pipeline system is located in eastern McKenzie County, North Dakota, and consists of 58 miles of operational pipeline. Through a joint venture with Access Midstream the Company owns a nine-mile, underground fresh water delivery pipeline in Grady County, Oklahoma. The Company also owns an approximate 12-mile underground fresh water delivery pipeline in De Soto Parish, Louisiana.

Water recycling and treatment service line works with oil and gas producers to filter or treat water utilized in or produced by the drilling, completion and production processes to allow for safe and effective reuse or disposal. Well testing and flowback service line provides trained personnel and state-of-the-art equipment to perform a multitude of services relating to the completion and production of oil, gas, condensate and water, including frac support and frac plug. Fluid hauling service line transports and stores water and various drilling, completion and production fluids. Fluid disposal is for saltwater and incidental non-hazardous oil and gas waste disposal. The Company developed AquaView technology to quantify volumes and flow rates to verify current and potential water availability and volumes. The Company also developed AquaLogic technology which consists of proprietary methods to remotely and automatically control and manage water transfer operations.

Accommodations and Rentals

The Company operates its accommodations and rentals segment through its subsidiary Peak Oilfield Services, LLC (Peak), which provides workforce accommodations and surface rental equipment supporting drilling, completion and production operations to the United States onshore oil and gas industry. The services provided include fully furnished office and living quarters, fresh water supply and waste water removal, portable power generation and light plants, internet, phone, intercom, surveillance and monitoring services and other long-term rental supporting field personnel.

Wellsite Completion and Construction Service

The Company operates its wellsite completion and construction services segment through its subsidiary, Affirm Oilfield Services, LLC (Affirm), provides oil and gas operators with a range of services, including crane and logistics services, wellsite and pipeline construction and field services.

Company Address

Select Energy Services Inc

515 Post Oak Blvd Ste 200
HOUSTON   TX   77027-9408
P: +1713.2359500

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