Milestone Environmental Services Officially Opens New Facility in Permian Basin
Houston, TX (April 18, 2016) - Milestone Environmental Services, LLC (“Milestone” or the “Company”) announces the opening of its newest oilfield waste disposal facility in Pecos, Texas.
Milestone broke ground on its newest slurry injection facility in December of 2015 and has since completed construction. This next-generation facility, designed and built from the ground up, is Milestone’s first facility in the prolific Permian Basin, and adds to Milestone’s growing network of locations throughout the oilfield. It will be capable of taking waste streams including oil-based and water-based muds, drilling fluids, flowback, tank bottoms, dirty water and produced water.
“Milestone’s newest facility in Pecos represents a major step forward for our company in many ways. Our slurry injection model has been significantly enhanced with a new design by Milestone’s top-notch engineering and operations teams. The site also represents the Company’s first step into the Permian Basin, the most prolific oil play in the United States. Even as the oil industry soldiers through an historic and painful downturn, we are proud to be able to bring necessary environmental services to a region that has been historically underserved,” commented Chief Executive Officer Gabriel Rio.
“We couldn’t be more excited to now have a footprint in this region,” stated SVP of Sales & Marketing, Steve London. “We’re looking forward to extending our great customer reputation from the Eagle Ford and from East Texas into the Permian Basin. This facility will offer our customers improved efficiencies, reduced time in and time out, quality washouts (done once, done right), and prompt and accurate invoicing.” This new Milestone location will provide more cost effective options for customers actively drilling and producing in this key area.
“The most important aspects of operations to us are cycle-time efficiencies and safety for our employees and the environment,” one customer commented. “Milestone’s shared dedication to these areas makes them a key asset for us when it comes to disposing of our oilfield waste. They are dependable and consistent.”
Milestone is an industry-leading innovator and one of the first companies in the U.S. to commercially use slurry injection, a process that has set new standards for efficiency and environmental security for managing oilfield wastes. Milestone is backed by Intervale Capital, a private equity firm which invests primarily in oilfield manufacturing and service companies.
Read more about the Pecos, Texas ground breaking in 2015: http://www.milestone-es.com/About-Us/News/Milestone-Environmental-Services-Breaks-Ground-on-a-New-Facility-in-the-Permian-Basin/
About Milestone Environmental Services:
Milestone is a national oilfield environmental services provider with an environmentally focused, cost-effective and efficient approach to managing oilfield waste. Milestone operates strategically located, state-of-the-art disposal facilities that provide dependable, local services for leading U.S. oil and gas operators. The Company is headquartered in Houston, Texas, and currently has several injection locations throughout Texas.
About Intervale Capital:
Intervale Capital is an energy-focused private equity firm with offices in Houston and Boston. Intervale invests primarily in middle-market oilfield services and manufacturing companies and related technologies. The firm has raised $1.3 billion of committed capital since its inception in 2006 and is currently investing from its third fund. www.intervalecapital.com