Select Water Solutions Announces Closing of Pilot Water Solutions Acquisition
PR Newswire•02/11/2026•16:15 ET
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Key Highlights
- ➤Pilot Water acquisition closed for approximately $700 million.
- ➤Select paid approximately $600 million cash and issued 5,149,331 Class A shares.
- ➤Seller may receive a $15 million contingent payment upon early-2027 operational milestones.
- ➤Select's new credit agreement established a $500 million revolving facility.
- ➤Pilot Water adds Delaware Basin contractual revenue, minimum volume commitments, and operational capacity.
Expert Statements
John Schmitz, Chairman of the Board, President and CEO of Select Water Solutions
“We are excited to announce the completion of our acquisition of Pilot Water Solutions and to welcome the Pilot Water employees to the Select family. The addition of Pilot Water enhances our position as one of the leading water midstream providers in the Delaware Basin, and further strengthens Select's unique ability to manage the industry's growing produced water volumes with comprehensive solutions. Pilot Water's sizable contractual revenue, minimum volume commitments, and its significant operational and undeveloped capacity, complements Select's extensive acreage dedications and enables future growth and produced water volume capture. We look forward to integrating our industry leading recycling business and pro forma scaled disposal platform in the Delaware Basin to more efficiently address the basin's full life-cycle water needs and to unlock value and cost savings for our customers.”
Select Water Solutions Announces Closing of Pilot Water Solutions Acquisition PR Newswire
GAINESVILLE, Texas, Nov. 2, 2026 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select," the "Company," "we" or "us") announced today that it has closed the previously announced acquisition of Pilot Water Solutions LLC ("Pilot Water"), a leading, private water midstream company with primary operations in the Delaware Basin.
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