H2O Midstream is a premier water midstream company serving oil and gas operators in the Permian Basin. Led by a team of industry veterans with over 250 years of combined experience in upstream, midstream, trading, and environmental management, we bring sustainable water solutions to our E&P customers by providing gathering, transportation, recycling, storage, and disposal services under short-term and long-term, fee-based agreements. Our services provide our customers with best-in-class reliability while leveraging our scale to improve capital efficiency, lower operating costs, minimize carbon emissions, and reduce the use of fresh water withdrawn from underground aquifers.
We are currently the largest pure play water midstream company in the Midland Basin and operate an integrated network, comprised of more than 250 miles of buried pipe, more than 3.75 million barrels of owned and third-party storage, 100,000 barrels per day of recycling infrastructure, and access to over 750,000 barrels per day of owned and third-party disposal capacity across a 300 square mile footprint. The reach and scale of our network is critical to our ability to provide the reliability, flexibility, and optionality necessary to balance capital efficiency, cost optimization, reliability, and environmental stewardship.
H2O Midstream was formed
Closed acquisition of Ovintiv (then Encana) assets in Howard County; concurrently signed SM Energy
Completed the first delivery of produced water for use in fracking operations
Commissioned the first pipeline-only commercial storage, disposal, and recycling facility in the state of Texas, the Newton Hub (1 million barrels of storage, and 2 disposal wells representing 75,000 barrels per day of permitted disposal capacity)
Customer base expanded to 7 producers
Closed acquisition of Sabalo (now Laredo) system in northern Midland Basin
System volumes peaked at 205,000 barrels per day
Added recycling operations (El Dorado facility)
Added Sinclair system north and south of Big Spring
Surpassed 150 million cumulative gathered barrels