Reliable One Resources Acquires Trucking Companies Servicing Oil and Gas Operators
Athens, Texas, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via
NEWMEDIAWIRE -- Reliable One Resources, Inc., a provider of
innovative water disposal and water recycling services, today
announced the purchase of a controlling interest in BBU
Services, Inc., B&S Leasing, LLC, and Mountain States
Environmental, LLC, which together provide comprehensive
trucking services – including water hauling, roll-off
services, vacuum trucks, containment, and emergency spill
response – to oil and natural gas operators in the Marcellus
and Utica Shale regions.
These acquisitions, coupled with the recent purchase of an operating water disposal and injection facility in Athens County, Ohio, further Reliable One’s mission to collect and treat produced and flowback water for oil and gas operators throughout the United States.
Like the disposal well facility, the trucking companies have current contracts with area oil and gas producers. Securing this new water supply adds to the amount of produced and flowback water committed to Reliable One. With an operating history dating back to 1988, the purchased companies’ staff is well-trained to handle the complex and evolving demands of the oil and gas field industry, specifically as it relates to wastewater hauling.
Reliable One’s broader strategy is to develop regional water recycling facilities throughout the United States to serve oil and gas operators, who have become increasingly desperate for cost-effective wastewater hauling and disposal services. Reliable One’s initial acquisitions have secured trucking assets, disposal capabilities and, most importantly, a supply of produced and flowback water that can be treated using the company’s water recycling services.
“Trucking is a critical element in our plans to serve the oil and gas industry in the Marcellus region, since there is an increasing demand for both hauling and water disposal services,” said Kenneth Wiedrich, President of Reliable One Resources, Inc. “We have entered into agreements to acquire additional trucking companies, and these agreements are expected to be finalized by first quarter of 2019.”
About the Company
Reliable One Resources was established to meet the urgent and rapidly growing need for innovative water treatment processes, including oil/water separation and desalination, for a wide variety of potential customers, including industrial (oil and gas, mining, and agriculture) and municipal. The company is currently planning the development of initial water treatment facilities in the U.S., including joint ventures and similar partnerships. For more information on Reliable One Resources, please visit our corporate website at www.reliableoneresources.com. Follow us on Twitter at @Rel1Resources and on Facebook at www.facebook.com/Reliableoneresources. Media inquiries should be directed to firstname.lastname@example.org.
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