IRVING, TX, July 25, 2014 /24-7PressRelease/ -- Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy sector, is pleased to announce the sale of the salt water disposal well assets of AggieTech Operating, LLC and its affiliates ("AggieTech" or the "Company") to Oilfield Water Logistics, LLC ("OWL").
AggieTech developed and operated seven high-quality, high capacity strategically located Class II licensed salt water disposal well facilities in the Permian Basin. The AggieTech team will become part of the OWL family and will be responsible for OWL's Permian Basin operations. AggieTech Operating, LLC was founded in 2012 and is headquartered in Midland, Texas.
"Wilcox Swartzwelder did an excellent job. They successfully identified qualified parties and efficiently navigated through complex issues and executed this transaction on very favorable terms. I am very pleased with their senior-level support, industry knowledge, creativity and professionalism. We couldn't have done it without them." said Mr. Toben Scott, President and Co-Owner of AggieTech.
Jason Wilcox, Managing Director at Wilcox Swartzwelder commented, "I am very happy for AggieTech and the working interest owners. They have a first-class team and have built great assets, which offer a good strategic fit for OWL. This transaction provides all parties and an exciting opportunity to continue an aggressive growth plan."
Headquartered in Dallas, Texas, Oilfield Water Logistics provides a complete suite of water services for the energy industry including supply, transport, reclamation and disposal. OWL, through its partnership with Natural Gas Partners ("NGP") and NGP Energy Technology Partners ("NGPETP"), is a leader in water management and is able to provide energy companies in the most prolific basins a confident choice to handle their water needs.
About Wilcox Swartzwelder & Co.
Wilcox Swartzwelder & Co., a boutique investment bank, provides sophisticated financial advice exclusively to middle market companies in the energy sector. Advisory services include company sales, mergers and acquisitions, oil and gas property acquisitions and divestitures and institutional capital raises. The Firm prides itself on delivering personal individualized service, senior level expertise, innovative deal strategies, rigorous transaction execution and superior results. Principals have successfully completed over 100 transactions with aggregate value in excess of $3.6 billion. Securities offered through PetroGrowth Energy Advisors, LLC, member FINRA/SIPC.
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