Goodnight Midstream has acquired Wyatt Water Solutions, LLC, establishing a footprint in the Eagle Ford shale of South Texas.
Wyatt Water Solutions, LLC will operate as a wholly owned subsidiary of Goodnight Midstream and begin operations in Atascosa County, Texas. Eric Leuenberger, founder of Wyatt Water Solutions, will serve as Vice President of Eagle Ford Operations and remain President of Wyatt Water Solutions, LLC.
“This acquisition is another step in Goodnight’s continued commitment to provide midstream produced water solutions in top-tier basins for our operating customers,” said Patrick Walker, Chief Executive Officer of Goodnight Midstream. “Our combination with Wyatt Water Solutions capitalizes on Goodnight’s substantial experience building and operating saltwater gathering systems and facilities while strategically providing known customer commitments and expanding our footprint into the Eagle Ford shale.”
The acquisition was financed by Goodnight’s credit facility, operating cash flows and equity investments from Tailwater Capital, LLC, an energy-focused private equity firm based in Dallas.