HomeMy WebLinkAbout20111547.tiff Christie Peters
From: Kim Ogle
Sent: Wednesday, June 08, 2011 11:51 AM
To: Trevor Jiricek
Cc: Donald Carroll; David Bauer; Clayton D. Kimmi; Heidi Hansen; Frank Piacentino; Jonathan
Gesick; Lauren Light; Mary Evett; Lin Dodge; Pam Kamada; Billie Moore; Esther Gesick;
Christie Peters
Subject: FW: HIGH SIERRA WATER SERVICES ACQUIRES ASSETS OF MARCUM MIDSTREAM
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Kim Ogle
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From: Doug White [mailto:dwhite@highsierraenergy.com]
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Subject: HIGH SIERRA WATER SERVICES ACQUIRES ASSETS OF MARCUM MIDSTREAM
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3773 Cherry Creek North Drive,Suite 1000
Denver,CO 80209
FOR IMMEDIATE RELEASE
HIGH SIERRA WATER SERVICES ACQUIRES ASSETS OF MARCUM MIDSTREAM
Acquisition Advances Firm's Strategic Focus on Oilfield Water Treatment and Recycling Services
DENVER—June 6,2O11—High Sierra Water Services, LLC, a wholly-owned subsidiary of High Sierra Energy, LP, announced
today that it has acquired the assets of Marcum Midstream 1995-2 Business Trust and Marcum Midstream 1995-EC
Holdings, LLC(collectively"Marcum"). Marcum has most recently operated as Conquest Water Services, LLC
("Conquest"). Founded in 1993, Conquest is the largest oil and gas water disposal company in Colorado, operating
exclusively within the prolific Denver-Julesberg Basin in northeast Colorado.
With drilling permits on the rise in the Basin and an increasing number of oil and gas rigs drilling for oil in the Niobrara
Shale, water disposal demands are escalating in Weld County, Conquest's primary operating area. High Sierra expects to
complement Conquest's existing operations and grow the business to serve the needs of its existing and prospective
producer customers.
"High Sierra Water Services partners with leading oil and gas exploration and production companies to provide effective
treatment and recycling of flow-back and produced water obtained in the drilling and production process," said James
Burke, High Sierra Energy Chief Executive Officer. "Our acquisition of Conquest will enable us to serve the growing
number of producers in the Niobrara Shale play as well as the entire region, and provide a reliable source of treated,
recycled water for customers through our innovative, proprietary water treatment technology."
With a focus on long-term,sustainable resource protection, High Sierra Water Services' state-of-the-art water treatment
technology recycles oilfield water to surpass regulatory standards and, in some instances, discharges treated water back
into local water supplies.With four patents issued and three patents-pending,the purification technology engineered by
High Sierra Water Services has revolutionized water treatment in the oil industry.
Terms of the acquisition were not disclosed.
About High Sierra Water Services With a focus on providing long-term, sustainable options, High Sierra Water Services
offers water treatment solutions specifically designed to meet the needs of energy industry oil and gas producers
through state-of-the-art water treatment technology. High Sierra currently operates in the Pinedale Anticline region of
Wyoming, northeastern Colorado, and in parts of Oklahoma and Kansas,with future expansion plans throughout the
United States and Canada. For more information on High Sierra Water Services, please visit www.highsierrawater.com
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About High Sierra Energy, LP
Based in Denver, High Sierra Energy, L.P., is a privately-owned, rapidly growing midstream energy company engaged in
the marketing and logistics of oil and natural gas liquids and oilfield field water services. For more information on High
Sierra Energy, please visit www.highsierraenergy.com.
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Contacts:
Nicholas Aretakis Mark Freed
Senior Vice President, Chief Financial Officer Senior Vice President, Business Development
303-815-1010,x176 303-815-1010,x118
naretakis@highsierraenergv.com mfreed@highsierraenergy.com
Doug White
Manager, Produced Water Services
High Sierra Energy L.P./High Sierra Water Services, LLC
3773 Cherry Creek N. Dr., Suite 1000 Denver,CO 80209
dwhite@highsierraenergy.com I Office: 303-815-1010 ext 124 I Mobile: 303-809-3326
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