First Choice Energy

Friday, May 24, 2019

Select Energy Services Pondering a Sale

From Bloomberg:
Select Energy Services Inc., a provider of water to shale drillers, is in the early stages of considering a sale, according to people familiar with the matter.

The Gainesville, Texas-based company has spoken to advisers about exploring strategic options, including a potential sale, said the people, who asked to not be identified because the matter isn’t public. Select Energy Services hasn’t made a final decision and could opt to remain independent, the people said.

Chris George, a spokesman for the company, declined to comment on any specific sale considerations.

“We are always evaluating our strategic options, as can be seen from our recent decisions to divest of certain non-core businesses as well as to recently re-segment the reporting structure of the business,” George said.
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Long-time readers of the blog may recall Select Energy Services' name from several years ago, when the company reneged on a deal to serve as the cornerstone of Commerce Park in Carroll County

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