Oklahoma City-based Bison isn’t saying how much it spent but announced this week the acquisition of Cobalt Environmental solutions, a water disposal company that operates in Oklahoma’s SCOOP and Merge plays.
Bison describes itself as the largest privately-held energy solutions company in the state, claiming it is the number one provider of water midstream solutions in Oklahoma.
The company anticipates that all of the employees at Cobalt will remain with the company including CEO Patrick Brandt and Chief Operating Officer Jonathan Hood.
This is the second acquisition made by Bison. The company earlier bought the Oklahoma division of Big Star trucking which is a hater hauling transportation firm.
With the two company purchases, Bison now owns and operates more than 30 commercial water disposal facilities with a capacity of more than 500,000 barrels a day.
Bison CEO North Whipple said the acquisition puts the company on track to exceed its goal of doubling the firm’s permanent water infrastructure by the end of 2019.
“Specifically, this acquisition advances our development of additional disposal capacity in the SCOOP and accelerates the integration of our water pipeline systems across the region,” he said.