Select Water Solutions, Inc. - Company Research Report
Company Overview
- Name: Select Water Solutions, Inc.
- Mission: Deliver operational excellence and develop sustainable water and chemistry solutions every day with a commitment to conservation and reuse.
- Founded: The company was founded in 2008.
- Headquarters: 1820 N I-35, Gainesville, TX 76240, United States.
- Number of Employees: Approximately 4,200 employees.
- Revenue: Full year 2024 revenue was $1.5 billion.
- Key People:
- John Schmitz: Chairman of the Board, President, and CEO.
- Chris George: Chief Financial Officer (CFO).
- What is the company known for: Select is known for being a leading provider of sustainable water and chemical solutions to the energy industry. The company is especially recognized for its critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities.
Products
Water Solutions
- Categories:
- Water recycling
- Water infrastructure
- Water transfer
- Sourcing
- Gathering & disposal
- Containment & poly
- Fluid handling
Chemical Technologies
- Products Offered:
- Friction reducers
- Surfactants
- Biocides
- Crosslinkers
- Polymers
- Enhanced oil recovery chemicals
- Other specialty chemicals
Key Features
- Intelligent Automation: Solutions for advanced monitoring and control.
- Water Analysis & Optimization: Focused on sustainability and emissions control.
- Safety and Technology: Integration of fluid management technologies such as FluidMatch®, HYRC™, and AquaView®.
Recent Developments
- New Product Launches: No specific new products were explicitly mentioned.
- Increased Capacity: Expanded recycling facility to handle 180,000 barrels per day with 1.9 million barrels of storage capacity at the Lost Tank facility in New Mexico.
- New Features: Incorporation of advanced automation for improved dynamic water balancing.
- Partnerships: Entered a partnership for the Colorado Water Rights and Storage Consolidation project to extend its water infrastructure to include municipal, industrial, and agricultural sectors.
Strategic Investments
- Infrastructure Projects: Announced multiple long-term Water Infrastructure projects in the Permian Basin, including a substantial expansion of recycling and pipeline infrastructure in the Northern Delaware Basin.
- Financials: Announced a new $550 million five-year senior secured sustainability-linked credit facility to support future business growth.
Sustainability and Safety Programs
- Achievements:
- 9% reduction in combined Scope 1 and Scope 2 emissions intensity.
- Exceeded water recycling and employee safety targets by 319% and 57%, respectively, for 2023.
- Implemented a 50% reduction in at-fault driving incidents through in-cab driver technology.
- Programs:
- Safety Recognition Program for employees committed to safety practices.
- Continued expansion of water recycling facilities, treating or recycling over 18 billion gallons of water in the past year.
This report reflects the company's operations and strategic direction as they relate to water management solutions and sustainable practices, as per the data given. No further commentary or information beyond the provided data is included.
