Denver, April 27, 2015 /PRNewswire/ — Buckhorn Energy Services, LLC (“Buckhorn” or the “Company”) announced today it has acquired a saltwater disposal (SWD) facility and related infrastructure from Hole in the Ground Disposal, Inc. The SWD facility is located North of Watford City, in McKenzie County, North Dakota and expands Buckhorn’s SWD operations serving operators in the Williston Basin producing from the Bakken oil shale, the Three Forks trend and other producing formations in the region. The sale has an effective date of April 24, 2015.
Gary Ebel, Buckhorn Energy Services CEO, said: “Buckhorn is very pleased to announce this addition to our existing North Dakota footprint. This facility increases our saltwater disposal capacity in the region and further enhances our ability to address the long-term, ongoing needs of our customers to efficiently dispose of produced water used in drilling and completion operations. This strategic addition to our core service line strengthens Buckhorn’s operations with an expanded platform and demonstrates our Company’s commitment to customers in the Williston Basin.”
About Buckhorn Energy Services
Founded in 2011, Buckhorn Energy Services, LLC is headquartered in Greenwood Village, Colorado, with operations focused in the Williston and Permian Basins. Buckhorn is a leading provider of innovative solutions in the areas of oilfield fluid management and waste disposal services to the oil and natural gas industry.
This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Buckhorn has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, including (i) changes in demand for our services and any related material impact on our pricing and utilizations rates, (ii) Buckhorn’s ability to execute, manage and integrate acquisitions successfully and (iii) changes in our expenses, including labor and financing costs. Additional important risk factors that could cause actual results to differ materially from expectations. While Buckhorn makes these statements and projections in good faith, neither the Company nor its management can guarantee that anticipated future results will be achieved. Buckhorn assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Buckhorn, whether as a result of new information, future events, or otherwise.