“H₂O Midstream is pleased to expand our services and relationship with Legacy to serve its produced water needs by offering multi-source water options to lower their operating costs”, said Darrell Bull, Executive Vice President and Chief Commercial Officer. “We are able to offer our customers the option of redelivery of their own produced water, sales of third-party produced water, or transportation of excess produced water via pipeline into third-party disposal wells.”

Dan Westcott, Legacy’s President and Chief Financial Officer, commented “We made the decision to enter into a long-term relationship with H₂O Midstream to outsource a portion of our produced water needs due to the reliability and efficiency of their water hub infrastructure and interconnected water gathering system. We expect this agreement to improve our full-cycle water costs, reduce our environmental footprint and promote safety.”

“We are excited to gain Legacy’s trust and are committed to helping our operating customers achieve cost savings by lowering lease operating costs and reducing capital while delivering reliable, safe and sustainable operations,” commented Jim Summers, H₂O Midstream’s Chief Executive Officer.

Located in Howard County, the first third-party, truck-free produced water storage and disposal hub in the state of Texas consists of two 500,000 barrel ponds connected to a network of 13 disposal wells totaling 265,000 bpd of capacity via a pipeline network of more than 150 miles.

About H₂O Midstream

H₂O Midstream was founded on the vision that water should be treated as a commodity, not a waste. Led by an executive team with over 120 years of collective midstream experience, H₂O Midstream partners with producers, landowners and other stakeholders to improve the efficiency, reliability and safety of water operations while lowering costs across the entire value chain.

H₂O Midstream is funded via a private equity commitment from EIV Capital and co-investments from EIV’s institutional partners representing more than $70 billion in assets under management. For more information, visit www.h2omidstream.com.

Contact:

H₂O Midstream
Darrell Bull, (918) 688-8892

Located in Howard County, TX, the produced water hub consists of two state-of-the-art 500,000 barrel ponds connected to a network of 10 disposal wells totaling 220,000 barrels per day of capacity via a pipeline network of more than 130 miles. The newly built water hub provides multiple benefits to producers in the area including enhanced reliability, peak flowback management, and centralized storage for produced water re-use.

Through its extensive pipeline, storage, and disposal network, H₂O Midstream provides multiple services to its customers including produced water gathering, disposal, transportation, re-use, storage/banking, peak-shaving, and forward sales. The system as currently designed has the potential to remove over 650,000 truckloads per year of produced water from Texas roads. H₂O Midstream is continuing to expand its existing system through additional infrastructure investments throughout the Permian Basin.

“This is an important step forward for the water midstream industry and demonstrates H₂O Midstream’s long-term commitment to improving environmental and safety conditions through the use of permanent infrastructure and interconnected water gathering, disposal, re-use and storage facilities,” said Jim Summers, Chief Executive Officer of H₂O Midstream. “We continue to build efficiencies and drive cost savings for our customers by lowering lease operating costs and reducing total capital requirements while delivering reliable, safe and sustainable operations.”

About H₂O Midstream

H₂O Midstream was founded on the vision that water should be treated as a commodity, not a waste. Led by an executive team with over 120 years of collective midstream experience, H₂O Midstream partners with producers, landowners and other stakeholders to improve the efficiency, reliability and safety of water operations while lowering costs across the entire value chain. The company has the full spectrum of midstream energy capabilities to enable the efficient management of water in upstream oil and gas operations and to reduce the high costs of water logistics.

H₂O Midstream is funded via a private equity commitment from EIV Capital and co-investments from several of EIV’s institutional partners collectively representing more than $70 billion in assets under management. For more information, visit www.h2omidstream.com.

Contact:

H₂O Midstream
Darrell Bull, (918) 688-8892