WaterBridge is proud to announce the recognition of “Project Independence” by Inductive Automation at the Annual ICC Conference held virtually this September. After months of dedicated work, The Integration Group of Americas (TIGA) was named the 2020 Firebrand Award Winner for its outstanding work with WaterBridge on this project, through which the two companies were able to successfully architect a new design using the latest industry-standard PLCs and SCADA technologies.

In January, Charles Lame, Director of Technical Field Services at WaterBridge, initiated Project Independence to scale the company’s control and SCADA systems with the rapid growth WaterBridge has experienced. With the engagement of TIGA, a systems integration and engineering services company, the team was able to implement an IIoT-enabled Ignition SCADA system within a hosted Microsoft Azure infrastructure using the Ignition Enterprise Administration Module, Ignition Perspective for user interface, Ignition Edge Panel and Edge MQTT with Cirrus Link’s Chariot broker, while maintaining control and safety systems at each location. This system enables a higher resolution of data, better user experience through Perspective, and a manageable, open SCADA system.

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DALLAS, Texas, September 1, 2020 – San Mateo Midstream (“San Mateo” or the “Company”) today announced the completion and successful start-up of the expansion of the Black River cryogenic natural gas processing plant (the “Black River Processing Plant”) in Eddy County, New Mexico. The expansion of the Black River Processing Plant adds an incremental designed inlet capacity of 200 million cubic feet of natural gas per day to the previously existing designed inlet capacity of 260 million cubic feet of natural gas per day for a total designed inlet capacity of 460 million cubic feet of natural gas per day. The expanded Black River Processing Plant supports San Mateo’s anchor customer, Matador Resources Company (NYSE: MTDR), and offers processing opportunities for other producers’ development efforts in the Delaware Basin. Consistent with existing arrangements, San Mateo’s customers may access firm transportation via pipeline and fractionation for all natural gas liquids (“NGL”) and firm transportation via pipeline for all residue natural gas volumes delivered at the tailgate of the Black River Processing Plant, including those volumes attributable to the newly increased inlet capacity.

San Mateo is currently completing construction of approximately 24 miles of large diameter natural gas gathering pipelines between the Black River Processing Plant and the New Mexico and Texas state line in southeastern Eddy County. The Company is also completing construction of approximately 19 miles of large diameter natural gas gathering pipelines northward from the Black River Processing Plant, as well as 19 miles of various diameter crude oil pipelines from certain points of origin in Eddy County to the existing San Mateo interconnect with Plains Pipeline, L.P. in Eddy County (see San Mateo’s August 6, 2020 press release). These various pipelines are expected to be placed in service at various times from early to mid-September 2020. These new pipelines, along with the expansion of the Black River Processing Plant, substantially increase the footprint of San Mateo’s three-pipe midstream services offering throughout Eddy County.

Matt Spicer, Co-Chief Operating Officer of San Mateo, commented, “We are excited to announce that this most recent expansion of the Black River Processing Plant, which was initiated in February 2019, has been completed on time and on budget. The expanded Black River Processing Plant and the associated pipeline connections provided by San Mateo provide producers in the area reliable transportation and processing for their natural gas and NGLs out of the basin. As a result of the strong execution of the entire San Mateo team, we believe we have generated significant value for our stakeholders and an attractive natural gas transportation and processing option for producers throughout much of Eddy County. We wish to acknowledge and thank both Matador Resources Company and Five Point Energy LLC for their support and encouragement during the construction of this expansion of the Black River Processing Plant and the related infrastructure.”

Please direct any commercial inquiries about the Black River Processing Plant and related gathering and processing services provided in Eddy County, New Mexico or San Mateo’s other services, including salt water gathering and disposal services and oil gathering and transportation services, to:

Matt Spicer, Co-Chief Operating Officer, at (972) 371-5420, Corey Lothamer, Vice President of Business Development, at (972) 587-4635 or info@sanmateomidstream.com.

 

About San Mateo Midstream

San Mateo Midstream is a strategic joint venture formed in February 2017 by a subsidiary of Matador Resources Company (NYSE: MTDR) and a subsidiary of Five Point Energy LLC. San Mateo provides an all-inclusive approach to midstream services for the three main product streams produced by oil and natural gas activities, including salt water gathering and disposal services, natural gas gathering, compression, treating and processing services, and oil gathering and transportation services. San Mateo owns and operates oil, natural gas and water gathering and transportation systems in Eddy County, New Mexico and Loving County, Texas, the Black River Processing Plant in Eddy County, New Mexico with a designed inlet capacity of 460 million cubic feet of natural gas per day and thirteen commercial salt water disposal wells in Eddy County, New Mexico and Loving County, Texas, with a combined salt water disposal capacity of 335,000 barrels per day. San Mateo serves as one of the primary midstream solutions for multiple customers across the northern Delaware Basin, including its anchor customer, Matador Resources Company.

For more information, visit San Mateo Midstream at www.sanmateomidstream.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan; the timing of the buildout and the operating results of the Company’s oil, natural gas and water transportation and gathering systems and other facilities; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand and the Company’s business; the occurrence and timing of actions, including decisions and the issuance of regulations and permits, by state and federal regulatory authorities; costs of operations; availability of sufficient capital to execute its business plan; weather and environmental conditions; and other important factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

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Program to Focus on Three Core Areas: Water Recycle and Reuse Capabilities; Commitment to Community; Governance and Oversight

WaterBridge Continues to Lead the Emergence and Evolution of the Water Midstream Industry

HOUSTON, March 3, 2020 /PRNewswire/ — WaterBridge Holdings LLC (together with its subsidiaries, “WaterBridge”) today highlighted its ongoing commitment to advancing environmental, social and governance (“ESG”) initiatives.  In addition to noting its environmental accomplishments for 2019, WaterBridge has also launched its formal ESG program for 2020.

“WaterBridge is committed to working toward a sustainable future and operating in a responsible manner in all aspects of our business,” said Stephen Johnson, CEO and Director of WaterBridge. Mr. Johnson continued, “Environmental awareness, natural resource management and maintaining a broader sustainability agenda are integral to our business, our employees and the environment.  We will continue to take decisive action in line with these priorities.”

David Capobianco, CEO of Five Point Energy and Chairman of the Board of WaterBridge, commented, “When founding the company four years ago, we sought to progressively evolve the water midstream industry.  While our integrated water pipeline network is currently a model for the responsible handling of produced water, we are always innovating.  We look forward to ushering in the next stage of water midstream, with a focus on further reducing CO2 emissions and significantly increasing the recycle and reuse of produced water.”

For decades, water management in the oilfield has relied on the dangerous and environmentally hazardous process of truck hauling for the disposal of produced water.  WaterBridge’s progressive and integrated pipeline network currently operates more than 1,140 miles of large diameter pipelines with a produced water handling capacity of nearly two million barrels per day.  In turn, WaterBridge’s network offers a safer and environmentally friendly alternative that is more cost-effective than trucking, allowing customers to significantly reduce their carbon footprint while increasing operational reliability.

Based on recorded volumes of produced water passing through its pipeline network, WaterBridge estimates it reduced over 95,000 metric tons of carbon emissions during 2019 alone.  This reduction in carbon emissions represents the elimination of approximately 52 million truck miles from the road, or nearly 120,000 round-trip commercial flights from Houston to New York.  In addition to reducing carbon emissions, WaterBridge’s pipeline network is a shining industry example of commitment to safety, with a total recordable incident rate well below the industry average.

“Our successful reduction of carbon emissions in 2019 provides an excellent platform for the development and implementation of a robust ESG program,” said Steve Jones, Co-President and CFO of WaterBridge. “Our program will reinforce WaterBridge’s continued leadership in the areas of ESG to the benefit of our environment, our customers and our community.”

Launch of 2020 ESG Program

In advancing its commitment to social and environmental responsibility, WaterBridge has formally launched its 2020 ESG program.  A newly formed ESG Committee, comprised of senior members of the company, will oversee the program and will work closely with leading external consultants to ensure that the program achieves its full scope of objectives.  The ESG Committee is responsible for the development, implementation and monitoring of WaterBridge’s ESG initiatives, with a focus on delivering solutions that address important industry issues.

These issues broadly include:

• Expanding water management initiatives to provide producers with sustainable alternatives for their operations;
• Prioritizing the safety of our employees and the well-being of the residents within the communities in which we operate; and
• Creating and maintaining clearly defined policies with effective oversight to ensure WaterBridge operates under the highest level of ethical scrutiny.

WaterBridge’s 2020 ESG program is guided by and builds upon our achievements in three key areas:

1.    Water Recycle and Reuse Capabilities

WaterBridge’s integrated pipeline and header network enables the company to distribute produced water for reuse in customers’ well completion activities, reducing the quantity of fresh water required for development.  To aid in that distribution, WaterBridge constructed the first commercial produced water recycling pond in the Southern Delaware Basin in August 2019.  This recycling facility provides storage capacity for up to one million barrels of produced water, allowing for regional multi-well pad development.  Additional recycling facilities were permitted in late 2019 with another in the permitting process for 2020, further supporting WaterBridge’s commitment to recycle and reuse.

2.    Commitment to Community

WaterBridge prioritizes developing local resources and investing in neighboring communities.  In 2019, WaterBridge and its employees donated to local schools, youth organizations, fire departments and community centers in its areas of operation.  As a part of its 2020 ESG initiatives, WaterBridge has committed to plant over 10,000 native trees in the Holdenville Lake Watershed.  The planting of these native trees will provide stream enhancement and bank stabilization, greatly improving the water quality for Holdenville Lake, which supplies 95% of the drinking water for Hughes County, Oklahoma.  Moreover, the project will foster community engagement with local schools through education on the importance of water quality and sustainability initiatives.  WaterBridge will continue to support similar initiatives across the company’s operating regions.

3.    Effective Governance and Oversight

WaterBridge is committed to maintaining a diverse workforce, including our senior management team and board of directors, who represent a range of backgrounds, perspectives, skills and expertise.  WaterBridge’s board of directors will be actively involved in overseeing the ESG Committee’s efforts to set forth and then execute ongoing corporate responsibility initiatives.

About Five Point Energy LLC

Five Point Energy is a leading private equity firm focused on the midstream energy sector.  The firm was founded by industry veterans who have had successful careers investing in, building and running midstream companies.  Five Point’s strategy is to acquire and develop in-basin assets, provide value-added growth capital, and build world-class midstream companies with premier management teams and industry-leading E&P partners.  The firm is focused on providing in-basin crude oil, natural gas, liquids and water management midstream solutions to E&P companies in the Permian Basin, Eagle Ford, Mid-Continent and Rockies.  Based in Houston, Texas, Five Point Energy manages approximately $3.5 billion of capital across multiple investment funds.  For further information, please visit www.fivepointenergy.com.

About WaterBridge

WaterBridge is the largest pure play produced water midstream company in the industry and a portfolio company of Five Point Energy. Headquartered in Houston, Texas, WaterBridge operates in the Southern Delaware Basin in west Texas and the Arkoma Basin in southeast Oklahoma.  WaterBridge develops, owns and operates permanent, integrated water infrastructure networks that handle full-cycle produced water requirements of its blue-chip customer base under long-term, fee-based contracts.  WaterBridge benefits from a first-mover advantage in the emerging water midstream sector with the most experienced management team in the industry.  For further information, please visit www.h2obridge.com.

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