Texas Pacific Land Corporation and Aris Water Solutions, Inc. Announce Expansion of Alliance
March 17 2022 - 4:15PM
Business Wire
Texas Pacific Land Corporation (NYSE: TPL) (“TPL”) and Aris
Water Solutions, Inc. (NYSE: ARIS) (“Aris”, “Aris Water”) announced
today an expansion of their ongoing alliance supporting full-cycle
water solutions for customers operating in the Permian Basin. This
enhanced alliance allows TPL and Aris to coordinate service to
customers more efficiently across the core of the Delaware Basin,
spanning Loving, Reeves, and Culberson Counties, Texas, while
optimizing utilization of their combined asset portfolio. As part
of the expanded relationship, Aris will have access across TPL’s
Northern Delaware surface acreage to provide a full suite of
produced water services, including incremental water recycling for
two leading large-cap customers operating on TPL royalty and
surface acreage. In addition, Aris will receive key additional
shallow interval water handling locations.
“We are pleased to further develop our long-standing and
productive relationship with Aris, a premier water infrastructure
and solutions provider for upstream operators across the Delaware
Basin,” said Tyler Glover, CEO of TPL. Having Aris develop
additional strategic infrastructure on TPL’s surface acreage will
further expand and enhance our ability to serve operators and
customers. By working with Aris, we will drive more water volumes
onto TPL’s surface acreage and facilitate further operator
development on our oil and gas royalty acreage.”
“TPL is one of the largest landowners in the State of Texas and
the Permian Basin,” said Amanda Brock, CEO of Aris Water Solutions.
“We have enjoyed a long, productive relationship, combining Aris’s
infrastructure expertise with TPL’s leading surface acreage
position to promote efficient development and improve water
sustainability. Our expanded relationship further aligns us and
will help us continue to provide critical water management
solutions to operators in the Permian Basin. Today more than ever,
customers need water take away and supply assurances, and our
expanded relationship with TPL, which now includes recycling and
access to additional shallow handling facility permits, will
provide us with the optionality we need to efficiently grow our
infrastructure and capabilities in key locations.”
Forward Looking Statements
Certain matters contained in this press release include
“forward-looking statements.” All statements, other than statements
of historical fact, included in this press release may constitute
forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, the risk factors discussed from time to time in each of
our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation (NYSE: TPL) is one of the largest
landowners in the State of Texas with approximately 880,000 acres
of land in West Texas, with the majority of its ownership
concentrated in the Permian Basin. The Company is not an oil and
gas producer, but its surface and royalty ownership allow revenue
generation through the entire value chain of oil and gas
development, including through fixed fee payments for use of our
land, revenue for sales of materials (caliche) used in the
construction of infrastructure, providing sourced water and treated
produced water, revenue from our oil and gas royalty interests, and
revenues related to saltwater disposal on our land. The Company
also generates revenue from pipeline, power line and utility
easements, commercial leases, and seismic and temporary permits
related to a variety of land uses including midstream
infrastructure projects and hydrocarbon processing facilities.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. (NYSE: ARIS) is a leading,
growth-oriented environmental infrastructure and solutions company
that directly helps its customers reduce their water and carbon
footprints. Aris Water delivers full-cycle water handling and
recycling solutions that increase the sustainability of energy
company operations. Its integrated pipelines and related
infrastructure create long-term value by delivering high-capacity,
comprehensive produced water management, recycling and supply
solutions to operators in the core areas of the Permian Basin.
Additional information is available on our website,
www.ariswater.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220317005759/en/
TPL Investor Relations IR@texaspacific.com
Aris Investor Relations IR@ariswater.com
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