GREENWOOD VILLAGE, Colo.,
March 14, 2017 /PRNewswire/
-- Buckhorn SWD Solutions, LLC ("Buckhorn" or "the Company"),
a leading provider of mid-stream gathering systems, saltwater
disposal solutions and waste management for the oil and gas sector,
announced today that it has entered into a service agreement with
XTO Energy Inc. ("XTO"), a subsidiary of Exxon Mobil Corporation
(NYSE:XOM), to provide produced water gathering and disposal
services in McKenzie County, North
Dakota.
Buckhorn will build, own and operate an 87-mile pipeline and
disposal system ("the System"), and will provide produced water
gathering and disposal services for XTO Energy's Williston Basin operations. Gary Ebel, CEO of Buckhorn's parent, Buckhorn
Energy Services, LLC said, "We are proud to work with the premier
operators across our footprint in the Williston and Permian Basins. Our tailor-made
systems, like the one we are doing with XTO targeting operations in
McKenzie County, reduce field
level costs and increase reliability. We have the in-house
technical expertise, financial flexibility and operational strength
to grow with our clients as operators in the Williston and Permian Basins ramp up
production. We look forward to working with XTO and other operators
in the McKenzie County area on
this System."
The System will serve XTO's dedicated acreage, as well as other
operator wells in the area. The system will feature fixed, buried
pipelines, which will include a gathering line to transport
produced and flowback water for disposal or recycling. Construction
on the System is expected to begin in April
2017.
About Buckhorn Energy Services
Founded in 2011, Buckhorn Energy Services, LLC is headquartered
in Greenwood Village, Colorado,
with operations focused in the Williston and Permian Basins. Buckhorn is a
leading provider of innovative solutions in the areas of oilfield
fluid management and waste disposal services to the oil and natural
gas industry. Through joint ventures and direct operations,
Buckhorn controls more than 200 miles of pipeline across 18
townships in its core areas of operations.
Forward-Looking Statements
This release includes forward-looking statements and
projections, made in reliance on the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Buckhorn has made
every reasonable effort to ensure that the information and
assumptions on which these statements and projections are based are
current, reasonable, and complete. However, a variety of factors
could cause actual results to differ materially from the
projections, anticipated results or other expectations expressed in
this release, including (i) changes in demand for our services and
any related material impact on our pricing and utilizations rates,
(ii) Buckhorn's ability to execute, manage and integrate
acquisitions successfully and (iii) changes in our expenses,
including labor and financing costs. Additional important risk
factors that could cause actual results to differ materially from
expectations. While Buckhorn makes these statements and projections
in good faith, neither the Company nor its management can guarantee
that anticipated future results will be achieved. Buckhorn assumes
no obligation to publicly update or revise any forward-looking
statements made herein or any other forward-looking statements made
by Buckhorn, whether as a result of new information, future events,
or otherwise.
Contact:
Jennifer Linden
720-242-9853
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SOURCE Buckhorn Energy Services, LLC