Goodnight Midstream, a professional fluids management company, 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, joins Goodnight Midstream as vice president of Eagle Ford operations and will remain president of Wyatt Water Solutions LLC. Leuenberger, a Petroleum Engineer, brings over 17 years of operational experience in multiple basins across the United States, both unconventional and conventional, with a primary focus on South Texas. Notably, Leuenberger developed Eagle Ford assets in Atascosa, Live Oak, and Karnes counties as Operations Manager for Cinco Resources Inc.
Eric Leuenberger, President of Wyatt Water Solutions, LLC commented, "Based on my experience managing production in the area, I understand the importance of reliable saltwater services in the Eagle Ford. The Atascosa County saltwater disposal system will provide the flexibility and optionality of an integrated, reliable solution that our customers demand as they work to drive down lease operating costs in the field."
The acquisition is 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.
With this transaction, Goodnight now offers a network of produced water gathering and disposal systems in the Williston Basin, the Permian Basin, and the Eagle Ford shale.