Stallion Acquires Oilfield Recycling Service Provider Basin Wastewater Solutions, Inc.

HOUSTON–(BUSINESS WIRE)–Stallion Oilfield Services Ltd. (“Stallion”) announced today that it has
completed its acquisition of substantially all of the assets of Basin
Wastewater Solutions, LLC (“Basin”), a leading provider of rig site
potable water and wastewater recycling services. Basin is based in
Carlsbad, NM and services the entirety of the Permian market.

The Basin acquisition allows Stallion to enhance its services to
existing customers, and provide Stallion with a well-regarded and
technically differentiated product line. David Mannon, Stallion’s Chief
Executive Officer, stated that, “Effluent and treated waste streams can
now be recycled into the drilling and completions fluid life cycle. This
process provides efficiencies to Stallion’s customers, drastically
reduces on-site water requirements, and contributes to safer communities
by reducing truck traffic to and from well sites.”

“Basin has a track record of innovation, environmental stewardship, high
customer satisfaction, and dependable value,” said Justin Moulton,
Basin’s founder and managing member. Mr. Moulton continued, “We believe
that by combing our forces with Stallion and Stallion’s reputation, deep
customer relationships and seasoned management team, we will be able to
accelerate the deployment and adoption of our industry leading services.”

Stallion will rebrand the Basin service under Stallion Remote
Treatment or StaRT™, and include the service in the suite of
offerings Stallion provides to its existing customers.

About Stallion

Stallion is a leading private equity backed energy service company that
provides upstream, midstream, and industrial services to oil and gas
exploration and production companies, drilling contractors, pipeline
companies, refiners, and other industry across the United States, Gulf
of Mexico, and certain international areas. Stallion’s customers
comprise a wide range of organizations from small oil and gas companies
and contractors to large integrated Exploration & Production companies.
Stallion is one of the largest providers of surface equipment rentals
and logistics in North America with over 1,200 employees and
approximately 60 locations. For more information about Stallion and its
products and services, please visit www.stallionoilfield.com.

Contacts

Stallion Oilfield Services Ltd.
Terry Austin, 713-275-4835
Director
of Corporate Development
[email protected]