Select Energy, Rockwater Energy Merger Delayed 2 Months

Rockwater Energy Solutions is a “leading provider of comprehensive water management solutions to the North American unconventional oil and gas industry” and the only company that provides complementary chemistry products and expertise in connection with its water solutions. Rockwater operates in the Marcellus/Utica region, among other shale plays. Select Energy Services is a billion dollar oilfield services company with three main divisions: water services, rentals, and wellsite completions. They operate in every major shale play in the country, including the Marcellus/Utica. In July the two companies announced they are merging in an all stock swap deal (see Select Energy, Rockwater Merge to Create Huge Shale Water Provider). They originally thought the merger would be completed by Nov. 1st, however, the date has now been pushed back to Dec. 31st…
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Select Energy, Rockwater Merge to Create Huge Shale Water Provider

Rockwater Energy Solutions is a “leading provider of comprehensive water management solutions to the North American unconventional oil and gas industry” and the only company that provides complementary chemistry products and expertise in connection with its water solutions. Rockwater operates in the Marcellus/Utica region, among other shale plays. Select Energy Services is a billion dollar oilfield services company with three main divisions: water services, rentals, and wellsite completions. They operate in every major shale play in the country, including the Marcellus/Utica. Earlier this week the two companies announced they are merging in an all stock swap deal. It looks to be a true blending of the two companies, and not one company taking over the other. When the merger is done (later this year), John Schmitz, currently Chairman & CEO of Select, will become the full-time Executive Chairman and Holli Ladhani, currently the Chairman, President & CEO of Rockwater, will become the President & CEO of Select. The water parts of both businesses will be combined and branded with the Select name, but Rockwater branding will continue (as a division) for the chemicals business unit. Here’s the announcement of an impending marriage–made in heaven?…
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Select Energy Services Launches IPO, Hopes to Raise $159-$190M

Select Energy Services, headquartered in Gainesville, Texas, offers water solutions, accommodations and rentals, and wellsite completion and construction services in every major shale play in the U.S., including the Marcellus/Utica. Founded in 2008, Select has a regional office in Washington, PA. Company-wide, Select employs almost 2,000 people. The last (and only) time we’ve covered Select was back in 2012, when they jilted Carroll County, Ohio out of building a new facility there (see Select Energy Reneges on Deal with Carroll County, OH). The reason Select has come across our radar screen again is because the company is launching an initial public offering (IPO) of 10.6 million shares of stock, hoping to raise $159-$190 million…
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