Solaris Midstream Holdings Subsidiary, Solaris Water Midstream, Announces Merger With Water Midstream Partners
HOUSTON — December 12, 2016 — Solaris Midstream Holdings, LLC (“Solaris Midstream”) announced today that it has closed a transaction to merge the operations of Water Midstream Partners LLC (“WMP”), into Solaris Water Midstream, LLC (“Solaris Water”), a subsidiary of Solaris Midstream. Founded in 2013 and based in Dallas, WMP provides water midstream services to producers working in the Midland Basin of West Texas. Following the transaction, Solaris Water will provide water gathering and disposal services to more than 20 E&P operators who have dedicated approximately 50,000 acres to Solaris Water’s assets.
The WMP assets include more than 35 miles of commercial saltwater gathering pipelines serving multiple producers in Midland, Howard, Martin and Dawson counties. The gathering systems are connected to multiple SWDs, including two WMP-operated SWDs. Prior to the merger, Solaris Water began developing a saltwater gathering and disposal system in Midland County, including a high-capacity SWD in the Ellenburger formation. Solaris Water’s Midland County system will be connected to WMP’s Midland County system, creating a system with 100,000 barrels per day of disposal capacity. The combined systems will be known as the Solaris North Midland County Saltwater Disposal System.
Solaris Water has over 200 miles of commercial saltwater gathering pipelines under development throughout the Midland and Delaware basins, including planned expansion of the WMP systems.
About Solaris Midstream Holdings, LLC
Solaris Midstream is an independent, growth-oriented midstream company based in Houston and Midland, Texas. Solaris Midstream owns, operates and designs crucial midstream assets across key unconventional U.S. basins. Solaris is initially focused on developing cost-effective, efficient and reliable water-specific midstream solutions. For more information about Solaris Midstream please visit www.solarismidstream.com.
Vice President, Corporate Development & Finance
Solaris Midstream Holdings, LLC
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