Select Energy Services Buys Permian-Based Service Companies

Bought oilfield fluid-hauling & disposal services company & tank truck services company, expanding service offering in Permian Basin.

Privately held, Houston-based oilfield service and supply company Select Energy Services LLC has acquired Carlsbad, N.M.-based Riverside Transportation Inc. and Riverside-operated Blue Star Oilfield Services LLC for an undisclosed price.

Riverside provides oilfield fluid hauling and disposal services. Blue Star is a tank truck services company. The acquisition allows Select to expand its service offering in the Permian Basin. Specifically, the acquisition provides Select with increased fluid-hauling services and a water station, permitted by Carlsbad, for supplying water to hydraulic fracturing operations.

Currently, Select offers water transfer services in the West Texas area of the Permian through its SweetH2O Transfer Services division. This move allows Select to launch operations in the western portion of the Permian Basin. Daniel Baeza, founder of Riverside, will lead fluid-hauling and disposal operations in the region.

Select chief executive John Schmitz says, “Riverside has established a strong presence in the Permian by offering efficient and experienced water solutions services to their customers. We look forward to working with Riverside to expand Select’s current operations into the active unconventional shale part of the basin.”