Oilfield Services Company: Select Energy Services (WTTR) (2016)

Select Energy Services, Inc. (NYSE: WTTR) was founded in 2016 and is headquartered in Gainesville, Texas, with 5,100 full-time employees (12/31/2018). It is an oilfield services company that provides water to the unconventional oil and gas industry in the United States. solution.

Select Energy Services

Select Energy Services (WTTR):

Select Energy Services is divided into 3 departments to operate : Water Solutions (water solutions), Accommodations and Rentals (accommodation and rental), and Wellsite Completion and Construction Services (Wellsite completion and construction services).

  1. Water Solutions -operated through a subsidiary of Select Energy Services, LLC. It is a leading supplier of total water solutions for customers including major integrated oil companies and independent oil and gas producers. Provide water solutions, including water outsourcing; transport water to the well site through permanent pipeline infrastructure and temporary pipelines; contain fluid levels; water measurement and monitoring; fluid filtration and treatment, well testing and treatment of backflow and generated formation water ; Transportation, recovery or disposal of water for drilling, completion and production.
  2. Accommodations and Rentals : Operated through a subsidiary of Peak Oilfield Services, LLC. Provide labor accommodation and ground rental equipment to support drilling, well completion and production operations. The services provided include fully equipped office and residential areas, fresh water supply and waste water transport, portable power generation, Internet, telephone, walkie-talkie, monitoring services, etc.
  3. Wellsite Completion and Construction Services : Provide subsidiary Affirm Oilfield Services, LLC to operate. Provide crane and logistics services, well site and pipeline construction, and field services. These services are for the purpose of establishing, maintaining and improving production during the production and life of an oil or gas well, or otherwise promoting other services performed on the well.

Select Energy Services (WTTR) investment:

Select Energy Services, Inc. (NYSE: WTTR) listed on the NYSE on 4/21/2017 IPO, with an issue price of $14.00, 8.7 million shares issued, and 121.8 million U.S. dollars raised, stock code: WTTR.

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