Aris Water Solutions, Inc. Reports Unaudited Operating Results for the Fourth Quarter and Full Year December 31, 2023
February 28, 2024 at 09:14 pm
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Aris Water Solutions, Inc. reported unaudited operating results for the fourth quarter and full year December 31, 2023. For the quarter, the company produced water handling volumes of 1,095,000 barrels of water per day as compared to 940,000 barrels of water per day a year ago. Total Volumes of 1,577,000 barrels of water per day as compared to 1,305,000 barrels of water per day a year ago. Total Water Solutions Volumes of 482,000 barrels of water per day compared to 365,000 barrels of water per day a year ago.
For the year, the company produced water handling volumes of 1,042,000 barrels of water per day as compared to 873,000 barrels of water per day a year ago. Total Volumes of 1,492,000 barrels of water per day as compared to 1,284,000 barrels of water per day a year ago. Total Water Solutions Volumes of 450,000 barrels of water per day compared to 411,000 barrels of water per day a year ago.
Aris Water Solutions, Inc. is an environmental infrastructure and solutions company. The Company helps customers reduce their water and carbon footprints. It delivers full-cycle water handling and recycling solutions for energy operations. Its integrated pipelines and related infrastructure create produced water management, recycling, and supply solutions to operators in the core areas of the Permian Basin. It manages its business through two streams: Produced Water Handling and Water Solutions. Its Produced Water Handling business gathers, transports and, unless recycled, handles produced water generated from oil and natural gas production. The Companyâs Water Solutions business develops and operates recycling facilities to treat, store and recycle produced water. It has approximately 745 miles of produced water pipeline, which includes approximately 550 miles of larger diameter pipelines and 66 produced water handling facilities and operates 23 produced water recycling.