HOUSTON, May 8, 2023
/PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select"
or the "Company"), a leading provider of sustainable water and
chemical solutions to the energy industry, today announced that the
Company's stockholders approved an amendment and restatement (the
"A&R Certificate") of the Company's Fourth Amended and Restated
Certificate of Incorporation to, among other things, change the
name of the Company from Select Energy Services, Inc. to Select
Water Solutions, Inc. to reflect its strategic focus as a
water-first company.
The board of directors of the Company had recommended the name
change proposal be placed in consideration at its 2023 Annual
Meeting of Stockholders (the "Annual Meeting") held on
May 4, 2023. The name change became effective upon filing
of the A&R Certificate with the Secretary of State of the
State of Delaware on May 8, 2023. The Company's Class A common stock
will continue to trade under the ticker symbol "WTTR" on the New
York Stock Exchange.
John Schmitz, Chairman of the
Board, President and CEO, stated "I am excited about formalizing
our name change to Select Water Solutions, Inc. and furthering our
operational rebranding initiatives to embrace our heritage as a
water-first company. I look forward to deploying our new brand into
the marketplace and across our operations in the months ahead. This
rebranding will align our employees and field operations, simplify
our external communications with our customers and investors and
promote maximum brand recognition for our capabilities and
technologies across Select's entire platform of operations. Select
is uniquely positioned to capitalize on new and diverse growth
opportunities utilizing and building upon our existing expertise in
sustainable water and chemical solutions; moreover, this rebranding
initiative better prepares Select for the future ― a future
connected by water," concluded Schmitz.
About Select Water Solutions, Inc.
Select is a leading provider of sustainable water and chemical
solutions to the energy industry. These solutions are supported by
the Company's critical water infrastructure assets, chemical
manufacturing and water treatment and recycling capabilities. As a
leader in sustainable water and chemical solutions, Select places
the utmost importance on safe, environmentally responsible
management of water throughout the lifecycle of a well.
Additionally, Select believes that responsibly managing water
resources throughout its operations to help conserve and protect
the environment is paramount to the Company's continued
success. For more information, please visit Select's website,
https://www.selectwater.com/.
Cautionary Statement Regarding Forward-Looking
Statements
All statements in this communication other than statements of
historical facts are forward-looking statements which contain our
current expectations about our future results. We have attempted to
identify any forward-looking statements by using words such as
"could," "believe," "anticipate," "expect," "intend," "project,"
"will," "estimate" and other similar expressions. Examples of
forward-looking statements include, but are not limited to, the
expectations of plans, business strategies, objectives and growth
and anticipated financial and operational performance. Although we
believe that the expectations reflected, and the assumptions or
bases underlying our forward-looking statements are reasonable, we
can give no assurance that such expectations will prove to be
correct. Such statements are not guarantees of future performance
or events and are subject to known and unknown risks and
uncertainties that could cause our actual results, events or
financial positions to differ materially from those included within
or implied by such forward-looking statements. These risks and
uncertainties include the risks that the benefits contemplated from
our recent acquisitions may not be realized, the ability of Select
to successfully integrate the acquired businesses' operations,
including employees, and realize anticipated synergies and cost
savings and the potential impact of the consummation of the
acquisitions on relationships, including with employees, suppliers,
customers, competitors and creditors. Factors that could materially
impact such forward-looking statements include, but are not limited
to: the global macroeconomic uncertainty related to the
Russia-Ukraine war; central bank policy actions, bank
failures and associated liquidity risks and other factors; actions
by the members of OPEC+ with respect to oil production levels and
announcements of potential changes in such levels, including the
ability of the OPEC+ countries to agree on and comply with supply
limitations; the severity and duration of world health events,
including the COVID-19 pandemic, which had a negative impact on our
business; the level of capital spending and access to capital
markets by oil and gas companies, trends and volatility in oil and
gas prices, and our ability to manage through such volatility; and
other factors discussed or referenced in the "Risk Factors" section
of our most recent Annual Report on Form 10-K and those set forth
from time to time in our other filings with the SEC. Investors
should not place undue reliance on our forward-looking statements.
Any forward-looking statement speaks only as of the date on which
such statement is made, and we undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events, changed circumstances or
otherwise, unless required by law.
WTTR-PR
Contacts:
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Select Energy
Services
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Chris George – Senior
Vice President, Corporate Development, Investor Relations &
Sustainability
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(713)
296-1073
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IR@selectenergyservices.com
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|
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Dennard Lascar Investor
Relations
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Ken Dennard
|
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(713)
529-6600
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WTTR@dennardlascar.com
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SOURCE Select Water Solutions