Milestone Announces Grand Opening of New Facility in Eagle Ford Region

April 26, 2016

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HOUSTON–(BUSINESS WIRE)–Milestone Environmental Services, LLC (“Milestone” or the “Company”) announces the opening of its Smiley facility, in Gonzales County, Texas which was acquired in December 2015. The facility was partially complete when the acquisition took place and since then has been reconfigured to Milestone’s standards and is now ready for operation.

“The addition of the Smiley facility enables our company to provide crucial oilfield waste management services in one of the most prolific areas of the Eagle Ford Shale. As activity has declined, operators have concentrated their efforts around their best prospects, and it has become clear that Gonzales County is an important area of the market. The acquisition and reconfiguration of this site was a great opportunity for Milestone to expand in an important region in a capital-efficient manner,” Milestone’s CEO Gabriel Rio comments.

“Having this location up and running provides our customers with another great Milestone facility in the Eagle Ford region,” Steve London, SVP of Sales & Marketing states. “We are not only able to provide operators with safe and environmentally sustainable solutions for disposing of their oilfield waste, but with this closer proximity, we can meet their needs more quickly and more economically.”

The Smiley location is one of several facilities that represents more than another dot on the map. It represents Milestone’s dedication to geographic expansion with a focus on providing its customers with the most efficient, convenient, and reliable solutions in the shortest amount of time. It will be capable of taking waste streams including oil-based and water-based muds/drilling fluids, flowback, tank bottoms, dirty water and produced water.

With Milestone’s focus on quick disposal turnaround time, quality washouts (done once, done right), and prompt and accurate invoicing, Milestone has become a preferred facility in the industry as evidenced by its blue-chip list of customers.

“Milestone always goes the extra mile,” one customer explains. “Through relationship building, customer service, and consistent attention to my needs, they have proven themselves as nothing short of dependable. I trust their operations and can finally sleep at night knowing our oilfield waste is being managed in the most cost effective and environmentally sound way.”

Milestone is an industry-leading innovator and one of the first companies in the U.S. to commercially use slurry injection, a process that has set new standards for efficiency and environmental security for managing oilfield wastes. Milestone is backed by Intervale Capital, a private equity firm investing exclusively in oilfield manufacturing and service companies.

Read more about the Smiley facility acquisition: http://www.milestone-es.com/About-Us/News/Milestone-Environmental-Services-Announces-Acquisition-of-Smiley-Facility/

About Milestone:

Milestone is a national oilfield environmental services provider with an environmentally focused, cost-effective, and efficient approach to managing oilfield waste. Milestone operates strategically located, state-of-the-art disposal facilities that provide dependable, local services for leading U.S. oil and gas operators. The Company is headquartered in Houston, Texas, and currently has several injection locations in South, West and East Texas.

About Intervale Capital:

Intervale Capital is an energy-focused private equity firm with offices in Houston and Boston. Intervale invests primarily in middle-market oilfield services and manufacturing companies and related technologies. The firm has raised $1.3 billion of committed capital since its inception in 2006 and is currently investing from its third fund. www.intervalecapital.com

Category: Oil & Gas