New Oilfield Water Platform Serving Permian Basin

Rigzone: What kind of water infrastructure is available across southeast New Mexico for companies active in plays such as Bone Spring? How does the infrastructure differ from the Texas side of the Permian Basin? Is one side underserved compared with another?

Cooper: New Mexico is underserved, given the amount of activity in the southeast part of the state, and it is OWL’s primary growth market. We entered the market early and have been able to secure exclusive surface use agreements with large ranchers in the area to design and build a vast water infrastructure network for producers. This will bring costs down for producers and reduce truck traffic in the region. An interesting fact about southeast New Mexico is that most of the minerals are owned by the government, so the billions of dollars in royalties that are being paid directly benefit us all.

Rigzone: Into what basins do you plan to expand? When would this expansion occur?

Cooper: We have significant capital resources and are actively seeking new expansion opportunities in at least half of the shale plays. It is going to be a very busy year.


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