The Private Midstream Category Award Recognizes the Full-Cycle Water Management Company for Cleaner, Safer, and More Diverse Operations.
HOUSTON, TEXAS (September 2023) – XRI Holdings, LLC (XRI) won Hart Energy’s 2023 ESG Award in the Private Midstream category. The company first received the award during Hart Energy’s inaugural ESG Awards program recognizing top performers at its annual Energy ESG Conference in November 2021. Hart Energy did not host an ESG Conference in 2022, making this year’s award the second, consecutive recognition of XRI’s ESG mission.
“[The] annual ESG Awards highlight the findings of data analysis firm Clear Ratings in its effort to categorize and quantify individual business efforts to improve ESG performance. These awards recognize advancements made in sustainable operation, local community engagement and positive workplace culture,” according to Hart Energy’s 2023 ESG Awards: Cleaner, Safer, More Diverse announcement.
XRI was founded on the tenets of natural resource conservation, environmental sustainability, employee health and safety, and corporate stewardship. The company remains committed to its environmental, social, and governance (ESG) mission to provide full-cycle water management solutions to large companies across multiple industries in the safest, most efficient, and environmentally responsible manner possible.
“Since 2013, our unwavering commitment to conserve precious water resources for the benefit of people and communities has driven our business decisions and large-scale water solutions,” says John Durand vice chairman and chief sustainability officer, XRI Holdings, LLC. “XRI provides environmentally focused, advanced water purification, recycling, and remediation solutions. We consistently, effectively, and safely manage over 1.6 million barrels per day with an operational capacity approaching 2.0 million barrels of water per day.”
XRI’s ESG Scorecard includes the current achievements:
Environmental
XRI conserves precious water resources for the benefit of people, communities, and businesses. The company is committed to providing sustainable alternatives and results to the industry and community. The combination of XRI’s infrastructure and automated operations enable the company to eliminate over 275,000 metric tons of CO₂ per year. In addition, XRI:
- Moved more than 262.3 million barrels without a recordable spill over a period of 1 ½ years.
- Safely handles over 1.2 million barrels of recycled, produced water per day.
- Recycles and reuses over 90% of produced water volumes.
- Expects to recycle approximately 500 million barrels of water in the Permian Basin, providing the dual benefit of protecting freshwater aquifers and preventing that water from being reinjected into saltwater disposal wells.
- Is on track to conserve the equivalent of 200% of Midland, Texas’s annual water consumption by preserving freshwater aquifers in its operations.
Social
The company is dedicated to continuously improving safety, diversity, equity, and inclusion opportunities in addition to providing professional development programs and supporting local communities.
- 0.39 three-year average Total Recordable Incident Rate (TRIR)
- Enforcing diversity, inclusion, and equity policy initiatives – 54% of XRI’s employee base is comprised of women and people with multicultural backgrounds.
- Supporting the community through engagement and volunteerism:
- Oilfield Helping Hands
- Midland College PPDC
- United Way of Midland
- Keep Midland Beautiful
- University of Texas Permian Basin
- University of Texas at Dallas
- Continuously evolving employee-focused professional development initiatives
Governance
XRI ensures the highest level of business ethics with a robust corporate culture and enforced code of conduct.
- Governance of sustainability initiatives
- Accounting transparency
- Maintaining low debt balances
- Implementing the best fair practices, including open bid sourcing on projects
- Evolving and monitoring robust policies and procedures regarding antibribery
For more information about XRI and its sustainable solutions, visit
https://www.xriwater.com/sustainable-solutions/
About XRI Holdings, LLC
Headquartered in Houston, Texas, XRI Holdings, LLC solves the world’s large, complex, and industrial water challenges. The company provides environmentally focused, advanced water purification, recycling, and remediation solutions. XRI is one of the largest water management service providers in North America and the largest produced-water recycling company in the Permian Basin. For more information, visit www.xriwater.com
