Bluejack Energy Solutions LLC, a Frisco, Texas-based provider of waste stream management solutions to oil and gas producers, has secured up to $100 million in new equity commitments from Energy Spectrum Capital.
Bluejack was formed in the third quarter of 2015 and provides oil and gas producers with a full suite of waste stream management solutions including saltwater transmission and disposal, solids processing and disposal and wastewater recycling. BlueJack’s initial operations are focused in the Permian Basin and the Marcellus and Utica shale plays.
BlueJack has signed multiple contracts with Laredo Petroleum Inc. for water disposal services in the Permian Basin. Laredo will send to BlueJack a portion of Laredo’s produced and flowback water production from wells drilled within an area encompassing approximately 110,000 acres in Glasscock and Reagan counties in West Texas.
To accommodate production from the dedicated acreage, BlueJack constructed two saltwater disposal facilities that will inject into the Ellenburger formation near Big Lake, Texas. Strategically located in Reagan County in the heart of the Permian’s Midland Basin, BlueJack’s Schwinn 5280 facility came into service in February 2016. BlueJack’s Merida 5280 facility is located in Glasscock County and came into service in April 2016. Both facilities serve producers targeting the Spraberry and Wolfcamp formations. Each facility has a permitted capacity of approximately 25,000 barrels per day (BPD). The facilities in place at the Schwinn and Merida sites are large enough to accommodate additional customers and also may be expanded as demand grows.
- NRP Group to build the 330-unit Harvard Flats in Princeton - March 28, 2024
- The Home Depot Announces Agreement to Acquire McKinney Texas based SRS Distribution - March 28, 2024
- City of Celina Unveils Exciting Schedule for Friday Night Markets - February 27, 2024