2011-06-21-2011-06-06-2011-06-06

Bought CO-focused oilfield water-disposal company operating in Denver-Julesberg Basin.

High Sierra Water Services LLC, a subsidiary of High Sierra Energy LP, Denver, has acquired the assets of Greely, Colo.-based Marcum Midstream 1995-2 Business Trust and Marcum Midstream 1995-EC Holdings LLC for an undisclosed price.

Marcum recently operated as Conquest Water Services LLC and is the largest oil and gas water-disposal company in Colorado, operating exclusively within the Denver-Julesberg Basin.

With drilling permits on the rise in the basin and an increasing number of oil and gas rigs drilling for oil in the Niobrara shale, water disposal demands are escalating in Weld County, Conquest's primary operating area. High Sierra expects to complement Conquest's existing operations and grow the business to serve the needs of its existing and prospective producer customers.

High Sierra chief executive James Burke says, "High Sierra Water Services partners with leading oil and gas exploration and production companies to provide effective treatment and recycling of flow-back and produced water obtained in the drilling and production process. Our acquisition of Conquest will enable us to serve the growing number of producers in the Niobrara shale play as well as the entire region, and provide a reliable source of treated, recycled water for customers through our innovative, proprietary water treatment technology."