Greeley, CO – Expedition Water Solutions Colorado LLC (“Expedition”) is pleased to announce the acquisition of water infrastructure assets that further expand Expedition’s position in the Powder River Basin (“PRB”) in the core of PRB activity. The acquisition also provides Expedition an attractive greenfield growth avenue for additional assets in the core of the PRB. Expedition has acquired Bluegrass Water, LLC (“Wright”) and Bluegrass Southern Cross LLC (“Southern Cross”), together (“the Facilities”), which collectively offer more than 10 million Bbls of capacity in the PRB and Wamsutter basins.
The assets currently serve the largest operators in the PRB under long-term take-or-pay and/or acreage dedication contracts. Expedition will remain committed to the company’s Platinum Health, Safety and Environmental standards rating and embark on several projects that will improve the HSE programs and efficiency at the Facilities.
“We are thrilled to bring the Bluegrass facilities into the Expedition family. With this acquisition, we will continue to pursue the Expedition standards of excellence, superior service and best-in-class safety as we grow to become the leader in Wyoming water disposal.” – Jim Goddard, President and Founder
“We are delighted to expand our water midstream footprint in the PRB with this acquisition. The Bluegrass assets provide us with the scale to provide comprehensive, basin-wide disposal infrastructure to contracted customers. They also provide a unique base to further scale our operations with greenfield projects.” – Zach Neal, Chief Commercial Officer and CFO
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