Oilfield Water Logistics and Boyd & McWilliams Execute Water Gathering and Disposal Agreement

DALLAS–(BUSINESS WIRE)–Oilfield Water Logistics (“OWL”) and privately-held Midland Basin
operator Boyd & McWilliams have executed a long-term produced water
gathering and disposal agreement. The mutually beneficial arrangement
allows Boyd & McWilliams to direct more capital and operating attention
to developing its oil and gas assets and dedicates its unique acreage
position in Winkler County to OWL to expand permanent water handling
infrastructure in the region.

“On behalf of the OWL team, we appreciate the opportunity work with Boyd
& McWilliams and add to our diversified, best-in-class customer list,”
says Chris Cooper, CEO. “This agreement is a win-win, allowing them to
reduce capex and LOE and focus on oil and providing us the opportunity
to expand our midstream water systems.” Toby McWilliams of Boyd &
McWilliams agrees, saying, “We need to use our time and money finding
and producing oil and gas and leave water disposal to those who do it
for a living.”

As an established leader in midstream water gathering and disposal in
the Permian with a core Delaware position, this agreement further
expands OWL’s existing Midland Basin footprint. OWL is exclusively
focused on water infrastructure and services and is backed by private
equity firm Natural Gas Partners (“NGP”).

About OWL

Oilfield
Water Logistics, LLC (OWL) provides midstream water infrastructure
and services to the energy industry in Texas, New Mexico, Colorado, Utah
and Wyoming, with offices in Midland, Denver and Dallas. OWL currently
operates 25 saltwater disposal wells and facilities with over 200 miles
of high capacity water pipeline, and has over 150,000 dedicated acres
from leading operators in the Permian Basin. Through its partnership
with NGP and others, OWL continues to expand its water infrastructure
network, providing liquidity and reducing capex and overhead for its E&P
customers. www.oilfieldwaterlogistics.com

About Boyd & McWilliams

Boyd & McWilliams is a privately held oil and gas exploration and
production company in its 39th year of operation with over
70,000 acres and an exclusive focus in the Permian Basin.

Contacts

Oilfield Water Logistics
TaLiea Wright, 214-292-2011
[email protected]