
The decision to acquire the Shelby County facility was a strategic one that supports Milestone’s growth while serving the environmental needs of E&P operators in major U.S. basins, said Gabriel Rio, president and CEO of Milestone. (Source: Milestone Environmental Services LLC / Business Wire)
Milestone Environmental Services LLC recently acquired an energy waste disposal facility in Center, Texas, along with additional permits, marking the Houston-based company’s entrance into the East Texas Haynesville Shale.
“Milestone’s mission is to Clean Up Energy℠,” commented Gabriel Rio, president and CEO of Milestone, in a company release on Jan. 4. “We believe we have an obligation to help our customers make good on their commitments to lower their emissions and produce vital energy for the world in a more sustainable way.”
One of the largest independent energy waste sequestration companies in the U.S., Milestone had been an operator in East Texas for several years prior to the acquisition. However, the company said its acquisition of the Center facility repositions Milestone in the core of the Haynesville and makes Milestone a leading operator of environmental infrastructure in the basin.
“We believe the Haynesville will be a growing market given the increased global demand for natural gas as the world transitions its energy usage to lower-carbon sources,” Rio added in the release.
The acquisition includes the purchase of an active slurry injection facility that is a cornerstone of the environmental infrastructure in place to manage energy waste generated by E&P operators drilling for natural gas in the Haynesville Shale in Texas and Louisiana. The facility, which includes two inception wells, is located in Shelby County, three miles north of Center, Texas, on Hwy 96.
According to its release, Milestone plans to continue normal business operations for customers and employees of the facility, and also plans several upgrades to the location over time.
“Our decision to acquire these assets was a strategic one that supports Milestone’s growth while serving the environmental needs of E&P operators in major U.S. basins,” Rio said.
Milestone is a “net negative” energy waste sequestration company with a network of slurry injection sites and E&P landfills throughout the Permian Basin, Eagle Ford Shale and Haynesville Shale.
In addition, the transaction on Jan. 4 included purchase options on two yet-unconstructed energy waste landfill permits in Texas—one in the Haynesville Shale and one in the Permian Basin. Milestone expects the addition of the permits to its portfolio of permitted locations provide opportunities for the company to further develop its energy waste infrastructure, the company said in its release.
Terms of the transaction weren’t disclosed. The transaction has an effective date of Dec. 31.
Recommended Reading
ADNOC Contracts Flowserve to Supply Tech for CCS, EOR Project
2025-01-14 - Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.
Tamboran, Falcon JV Plan Beetaloo Development Area of Up to 4.5MM Acres
2025-01-24 - A joint venture in the Beetalo Basin between Tamboran Resources Corp. and Falcon Oil & Gas could expand a strategic development spanning 4.52 million acres, Falcon said.
E&P Highlights: Jan. 21, 2025
2025-01-21 - Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.
VoltaGrid to Supply Vantage Data Centers with 1 GW of Powergen Capacity
2025-02-12 - Vantage Data Centers has tapped VoltaGrid for 1 gigawatt of power generation capacity across its North American hyperscale data center portfolio.
Judgment Call: Ranking the Haynesville Shale’s Top E&P Producers
2025-03-03 - Companies such as Comstock Resources and Expand Energy topped rankings, based on the greatest productivity per lateral foot and other metrics— and depending on who did the scoring.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.