January 4, 2022
Houston

Milestone Acquires Active Haynesville Facility and Multiple Permits

Milestone Environmental Services, LLC (“Milestone”), one of the largest independent providers of energy waste sequestration services in the U.S., today announced that it has acquired an energy waste disposal facility in Center, Texas, effective December 31, 2021, along with two additional permits for energy waste landfills in Texas.

The acquisition includes the purchase of an active slurry injection facility with two injection wells, located in Shelby County, three miles north of Center, Texas, on Hwy 96. The facility is a cornerstone of the environmental infrastructure in place to manage energy waste generated by E&P operators drilling for natural gas in the Haynesville Shale in Texas and Louisiana. Milestone plans to continue normal business operations for customers and employees of the facility, and also plans several upgrades to the location over time.

The acquisition of the Center facility repositions Milestone in the core of the Haynesville and makes Milestone a leading operator of environmental infrastructure in the basin. Milestone had been an operator in East Texas for several years at its former location near Jasper, Texas.

In addition, the transaction included purchase options on two yet-unconstructed energy waste landfill permits in Texas – one in the Haynesville Shale and one in the Permian Basin. These permits add significantly to Milestone’s portfolio of permitted locations, providing opportunities for the company to further develop its energy waste infrastructure.

“Milestone’s mission is to Clean Up EnergySM. We believe we have an obligation to help our customers make good on their commitments to lower their emissions and produce vital energy for the world in a more sustainable way,” said Gabriel Rio, Milestone president and CEO. “As E&P operators increasingly choose professional management of their energy waste streams, more infrastructure will be needed to handle the demand. We believe the Haynesville will be a growing market given the increased global demand for natural gas as the world transitions its energy usage to lower-carbon sources. Our decision to acquire these assets was a strategic one that supports Milestone’s growth while serving the environmental needs of E&P operators in major U.S. basins.”

Milestone’s Center location is the ninth facility in operation, accepting all RCRA-exempt drilling, completion, and production waste streams. The facility also offers full-service truck and frac tank washouts 24 hours a day, seven days a week.

About Milestone Environmental Services

Milestone is a Net Negative energy waste sequestration company with assets throughout the Permian Basin, Eagle Ford Shale, and Haynesville Shale. We are one of the largest independent energy waste sequestration companies in the United States, and a key business partner to energy companies looking to reduce their carbon footprint through cost-efficient waste management solutions. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. Milestone is a partner in the transition to a sustainable energy future. For more information, please visit www.Milestone-ES.com.  

About Amberjack Capital Partners

Amberjack Capital (formerly known as Intervale Capital) is a specialized private equity firm that invests in and partners with entrepreneurs and business owners to build market leaders serving the industrial, infrastructure, and environmental end markets. Headquartered in Houston, the firm has raised $1.3 billion of committed capital since its inception in 2006 and has invested in over 50 companies.

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