Milestone Acquires Return Disposal Assets

HOUSTON and MIDLAND, Texas – August 6, 2024 – Milestone Environmental Services, LLC (“Milestone” or the “Company”), a leading environmental infrastructure and carbon management company, today announced that it has acquired the following assets from Return Disposal, LLC (“Return”):

This acquisition expands Milestone’s network to include 11 full-service slurry injection facilities, nine of which are in the Permian Basin, and three energy waste landfills, also in the Permian. The acquired facilities will continue to provide customers with more opportunities to safely and responsibly manage their energy waste, improve logistical operations, and reduce their on-lease waste footprint.

There are no planned service interruptions at the new Milestone sites. Significant operational upgrades will be phased in gradually, prioritizing continuous improvements in safety, environmental performance, and service quality.

“Milestone’s mission is to Clean Up EnergySM. We are the key partner in the energy value chain by helping our customers manage their waste in a reliable, professional, and sustainable way. We further play a key role in helping oil and gas operators progress toward their decarbonization targets and produce vital energy for the world in a more sustainable way,” said Gabriel Rio, Milestone president and CEO. “As E&P operators increasingly choose professional management of their energy waste streams, Milestone has proactively built the critical infrastructure that the industry needs.”

The acquisition of the Return Disposal assets further strengthens Milestone’s position as a leading environmental infrastructure company and underscores the Company’s commitment to Clean Up Energy through responsible energy waste management, carbon sequestration, environmental stewardship, and safety. As a leading operator of environmental infrastructure in the Permian Basin, Milestone enables its customers to adopt a cleaner, more sustainable approach to waste management.

Milestone’s new Mentone, Midkiff, and Cross Ell facilities accept all RCRA-exempt drilling, completion, and production waste streams. The facilities also offer full-service truck and frac tank washouts 24 hours a day, seven days a week.

About Milestone Environmental Services

Milestone Environmental Services, headquartered in Houston, Texas, is a leading environmental infrastructure and carbon management company and the largest energy waste sequestration company in the United States. Milestone operates a leading integrated network of waste infrastructure that reduces the carbon impact of its customers by permanently sequestering hydrocarbon waste over a mile below the surface, preventing greenhouse gas emissions and water and ground contamination. Since 2014, Milestone has sequestered more than 3 million tons of CO2e through its injection process. Its subsidiary, Milestone Carbon, is devoted to helping multiple types of emitters meet their decarbonization goals by developing and operating injection sites that permanently and securely sequester CO2 below the surface. For more information, please visit www.milestone-es.com. Milestone is a portfolio company of SK Capital Partners, a sector-focused, growth-oriented private investment firm comprised of a team with extensive operating, ownership, and investment experience.    

Media Contact:

Jessica Corenchuk, jessicacorenchuk@milestone-es.com