Citadel H2O has more freshwater sites than any other provider in the region. We have also made it a priority to establish and maintain good relationships with landowners to ensure reliable access.
Watford City, ND (PRWEB) October 23, 2014
Citadel Energy Services, LLC, a leading freshwater provider and oilfield waste management company for US oil and gas companies, today announced it has made a large scale acquisition of more than 130 freshwater sources spanning McKenzie, Williams, Burke, Divide and Mountrail Counties in North Dakota. The newly acquired sources are expected to be permitted for a combined 200 million barrels of water supply annually. The acquisition boosts the Company’s total freshwater sources to over 150 locations.
These new freshwater sources are located in the busiest counties of the Bakken Shale for oil drilling activity, and adds to the company's existing water supply available for drilling operations to oil and gas companies in the region. Permits have already been issued for more than 55 million barrels annually and the remainder are in process with the state.
Stanton Dodson, Executive Chairman of Citadel Energy, commented, "This acquisition strengthens Citadel Energy’s position as one of the fastest-growing freshwater and oilfield waste management companies in the Bakken. Very little infrastructure is needed on Citadel's part and these sites will immediately add to our bottom line."
Following the acquisition, the Company also announced the launch of Citadel H2O, a Citadel Energy company. Operating as a freshwater provider, Citadel H2O is able to provide cost effective, reliable and consistent freshwater supply and transfer to oil producers and transportation companies, who utilize fresh water in the oilfield as well as ongoing well maintenance.
Brandon Knudson, General Manager of Citadel H2O, comments on the company’s unique and pioneering position, “Citadel H2O’s freshwater sites are all strategically located to minimize time and cost associated with moving water to a well site. With coverage in McKenzie, Williams, Burke, Divide and Mountrail Counties as well as sites on the Fort Berthold Reservation, Citadel H2O has more freshwater sites than any other provider in the region. We have also made it a priority to establish and maintain good relationships with landowners to ensure reliable access.”
Additionally, Citadel Energy has seven Saltwater Disposal facilities under development as well as emerging oilfield waste treatment capabilities. With plans to open more Saltwater Disposal facilities, Citadel Energy has created a stronghold in the Bakken Shale region in providing freshwater sources and oilfield waste management services.
About Citadel Energy Services, LLC
Citadel Energy provides a range of fluid management services to America’s oil and gas producers including the safe, controlled disposal of flowback and produced water, while also providing freshwater sources in certain high activity drilling areas such as the Bakken Shale region of North Dakota/Montana. For more information visit http://www.citadelep.com or connect on Twitter and Facebook.
Citadel Energy's full company description and important cautions regarding forward-looking statements made in this release are available at http://citadelep.com/forward-looking-statements/.