HOUSTON – June 2, 2021 – XRI Holdings, LLC (“XRI”), the leading full-cycle water management and water midstream company with advanced recycling capabilities, announced that it has acquired Water Rescue Services.
Founded in 2010 at the beginning of the shale revolution, Water Rescue has recycled over 44 million barrels of water since its inception, and its scope of operations complements XRI’s growing recycling infrastructure across the Permian Basin.
“We are excited to welcome Water Rescue to the XRI family,” stated Mark DePaul, senior vice president of corporate strategy for XRI. “Having worked closely with Water Rescue in the past, we are confident that their collective experience in water recycling will strengthen XRI’s position as the full-cycle leader in the water midstream industry.”
XRI is on track to recycle more than 185 million barrels in the Permian Basin this year.
XRI is the leading full-cycle water management and produced water midstream company with advanced water recycling and sustainable water infrastructure. XRI operates over 350 miles of permanent pipelines, with an aggregated system capacity to run approximately 1.25 million barrels per day. XRI is revolutionizing the water midstream industry by focusing on the recycling of produced water, reducing industry reliance on saltwater disposal and potable water sources, and by engaging in and providing ESG-focused solutions for the benefit of all stakeholders.
XRI is a portfolio company of Morgan Stanley Energy Partners. For more information, please visit xriwater.com.
Follow us on LinkedIn.