HOUSTON–(BUSINESS WIRE)–Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the
“Company”) announced today that its Board of Directors has declared a
quarterly cash dividend of $0.10 per share of Class A common stock, to
be paid on March 29, 2019 to holders of record as of March 22, 2019. A
distribution of $0.10 per unit has also been approved for holders of
units in Solaris Oilfield Infrastructure, LLC, which is subject to the
same payment and record dates.
Solaris also announced today that Ms. Cynthia Durrett has been appointed
to the Company’s Board of Directors (the “Board”), effective March 12,
2019. Ms. Durrett currently serves as the Company’s Chief Administrative
Officer. With the addition of Ms. Durrett, the Board is now composed of
eight members, including six independent directors.
“We are pleased to welcome Cindy to our Board and look forward to the
perspective she will bring from having over 30 years of experience
developing and leading oilfield services and midstream businesses,” said
Bill Zartler, Chairman of the Board and CEO. “Her proven leadership and
diverse background will serve Solaris well in continuing the growth of
its current product lines and its mission to be a leader in the
development of innovative equipment and processes that drive value for
our customers and shareholders.”
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents
mobile equipment that drives supply chain and execution efficiencies in
the completion of oil and natural gas wells. Solaris’ patented mobile
proppant and chemical systems are deployed in many of the most active
oil and natural gas basins in the United States, including the Permian
Basin, the Eagle Ford Shale, the STACK/SCOOP formation, the Marcellus
and Utica Shales, the Haynesville Shale, the Rockies and the Bakken
Shale. Solaris’ high-capacity transload facility in Kingfisher, Oklahoma
serves customers with operations in the STACK/SCOOP formation.
Additional information is available on our website, www.solarisoilfield.com.
Senior Vice President, Finance and Investor