As of 1 January 2022, Martin Water Midstream, LLC and its affiliates (MWM or the Company), a newly-formed and well-capitalised water midstream operator, will focus operations in Martin County, providing tailored services and innovative solutions to upstream oil and gas companies (E&P Operators) through a robust water grid, including: fixed pipe infrastructure, gathering and transporting produced water (PW) from the wellsite to multiple recycling facilities; treating the PW with an industry-leading partner with a proven recycling technology; and reselling the treated PW to E&P Operators for reuse with subsequent oil and gas drilling needs. While remaining focused on providing reliable flow assurance and efficiencies to its customers, MWM is committed to maximising the hydrological cycle of every barrel of water, while upholding the highest environmental, social and governance (ESG) standards.
The MWM management team is led by Co-CEOs Matthew Morgan and Stephen Johnson and has, collectively, over 100 years of experience, both in water management and in operations for E&P Operators. Previously, Mr. Morgan founded a PW mobile recycling company, and Mr. Johnson founded and was CEO and Vice Chairman of WaterBridge Resources, a water management company backed by Five Point Energy. The MWM management team’s track record of success has fostered the technical prowess to understand the PW needs of its customers and the capability to respond to global energy trends.
MWM’s water midstream business will be anchored by over 12 000 acres of surface use agreements (SUA) and include: a 16 in. diameter trunkline gathering pipeline system with a capacity to transport 400 000 bbl/d of PW; recycling facilities each with a capacity to treat and recycle 150 000 bbl/d of PW; pond storage each with a permitted capacity to hold 1500 000 bbl; and connection agreements with established saltwater disposal operators to dispose of overflow PW volumes. In order to commercialise these water midstream assets, MWM has already begun discussions and is negotiating long-term PW contracts with E&P Operators.