Select Water Solutions signs 12-year expanded Northern Delaware Basin water deal
Select Water Solutions (NYSE: WTTR) executes a 12-year amended, expanded agreement with an investment-grade public operator, adding dedicated acreage, revised fixed pricing, and construction commitments totaling roughly 100–120 miles of pipeline, storage, and recycling capacity.
Executed 12-year amended agreement with a large public operator for produced water gathering and disposal and treated water supply and distribution across more than 875,000 dedicated and right-of-first-refusal ("ROFR") acres in the Northern Delaware Basin Amendment adds 256,000 newly dedicated acres, including the conversion of 104,000 acres of prior ROFR acreage into dedicated acreage GAINESVILLE, Texas, Aug.
18, 2026 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select," the "Company," "we" or "us") announced today that it has entered into an amended and expanded agreement with a leading, investment-grade public operator (the "Operator") for comprehensive water management including recycling, disposal, and pipeline gathering and distribution across Select's Northern Delaware Basin infrastructure network, adding multiple new development areas to the existing agreement.
Additionally, the agreement increases certain fixed pricing terms and extends the term of the agreement for a period of 12 years following the effective date.
As part of this contractually backed expansion, Select has agreed to construct an additional approximately 100 miles of pipelines, three million barrels of storage capacity, and 60,000 barrels per day of additional recycling capacity to support the Operator's long-term development plans in Eddy County, New Mexico.
In total, the amended agreement is supported by approximately 500,000 dedicated acres and approximately 375,000 ROFR acres.
This consolidated acreage position includes the conversion of 104,000 acres from prior ROFR acres into dedicated acres, 256,000 newly dedicated acres and 104,000 new ROFR acres.
The expansion project will interconnect with Select's existing and ongoing buildout of its broader Northern Delaware network in New Mexico.
The full expansion project is expected to cost approximately $100 - $120 million and be operational by the end of 2027.
This project adds contracted growth capital deployment in 2027, while the Company's 2026 capital expenditure guidance remains unchanged at this time.