Active in the SCOOP and STACK as well as Permian Basin, Houston-based Solaris Oilfield Infrastructure, Inc. announced a 10-cent quarterly cash dividend for its shares.
The company’s board of directors declared the dividend on shares of Class A common stock. It will be paid on Sept. 26 to holders of record as of Sept. 19. A distribution of a dime a unit was also approved for holders of shares in Solaris Oilfield Infrastructure, LLC which is subject to the same payment and record dates.
Solaris Oilfield Infrastructure, Inc. manufactures and rents mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States, including the Permian Basin, the Eagle Ford Shale, the STACK/SCOOP formation, the Marcellus and Utica Shales, the Haynesville Shale, the Rockies and the Bakken Shale.