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OXY Occidental Petroleum Corporation

62.40
1.19 (1.94%)
01 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Occidental Petroleum Corporation NYSE:OXY NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.19 1.94% 62.40 62.59 61.33 61.33 7,976,895 01:00:00

PERMIAN WATER RECYCLING FACILITY EXCEEDS 50 MILLION BARRELS TREATED AND REUSED

20/05/2024 9:15pm

PR Newswire (US)


Occidental Petroleum (NYSE:OXY)
Historical Stock Chart


From May 2024 to Jun 2024

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HOUSTON, May 20, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced their collaborative efforts with Occidental (NYSE: OXY) at the South Curtis Ranch treatment facility in the Midland Basin has successfully treated and recycled 50 million barrels of produced water. Operational since March 2021, this permanent facility showcases the commitment of both companies to sustainable operations in the region.

"Reaching this milestone at one of our flagship facilities is a testament to the hard work and dedication of both teams. This facility not only delivers value to our operator partners, but also provides significant environmental benefits to the community," stated John Schmitz, Select's Chairman of the Board, President and CEO.

Facilities like South Curtis Ranch exemplify the advantages of long-term water programs and infrastructure designed to collect produced water from a vast and complex network of production wells, thereby reducing freshwater consumption and waste.

"By treating and reusing produced water, we use technology and collaboration to reduce water consumption and preserve a precious resource," said Thaimar Ramirez, President and General Manager of Occidental's Midland Basin Business Unit. "Occidental's dedication to responsible operations, including water management, reflects our belief that environmental stewardship is essential for community and ecological wellbeing."

About Select Water Solutions, Inc.

Select is a leading provider of sustainable water and chemical solutions to the energy industry. These solutions are supported by the Company's critical water infrastructure assets, chemical manufacturing and water treatment and recycling capabilities. As a leader in sustainable water and chemical solutions, Select places the utmost importance on safe, environmentally responsible management of water throughout the lifecycle of a well. Additionally, Select believes that responsibly managing water resources throughout its operations to help conserve and protect the environment is paramount to the Company's continued success.  For more information, please visit Select's website, https://www.selectwater.com.

WTTR-PR

Contacts:

Select Water Solutions



Chris George – EVP & CFO



(713) 296-1073



IR@selectwater.com 






Dennard Lascar Investor Relations



Ken Dennard / Natalie Hairston



(713) 529-6600



WTTR@dennardlascar.com 


 

Cision View original content:https://www.prnewswire.com/news-releases/permian-water-recycling-facility-exceeds-50-million-barrels-treated-and-reused-302150445.html

SOURCE Select Water Solutions, Inc.

Copyright 2024 PR Newswire

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