Expedition Completes Strategic Merger with Triton
Greeley, CO – Expedition Water Solutions Colorado, LLC today announced a strategic merger with Triton Water Disposal Services, LLC. The merged company will be named Expedition Water Solutions LLC (“Expedition”).
Following the merger, Expedition will have three saltwater disposal facilities in the DJ Basin, offering customers COGCC-permitted injection capacity of roughly 60,000 Bbls/d basin-wide. In addition, Expedition’s capital partners have provided funding commitments that will allow Expedition to continue to grow its saltwater disposal and related oilfield services and infrastructure businesses in the DJ Basin and beyond.
“We are thrilled to complete this merger as the combined company will give Expedition the scale required to service its valued customers throughout the DJ Basin. With this platform, we plan to continue to provide excellent service to our customers in saltwater disposal, as well as branch into new business lines including truck-washouts, produced water pipelines and recycling” stated Jim Goddard, President of Expedition.
“Expedition is delighted to have the increased financial commitment from our capital partners. The resulting company will have broader customer reach and increased geographic diversity. In addition, the funding commitment from our capital partners will enable us to continue to expand our saltwater disposal and related services and infrastructure footprint in the DJ Basin and beyond,” said Zach Neal, Chief Financial Officer of Expedition.