Milestone Environmental Services acquires Smiley facility

Milestone Environmental Services LLC, one of the first US based companies to utilise slurry injection, has announced that, through a newly formed subsidiary, it has acquired an oilfield waste facility near Smiley, Texas, US. Presently, the facility is still under construction. Upon completion, it will increase Milestone’s footprint in the Eagle Ford region of South Texas.

Gabriel Rio, President and CEO of Milestone Environmental Services, stated: “We are excited to add the Smiley facility to Milestone's network of oilfield waste disposal sites. With six strategically positioned locations throughout the Eagle Ford and Haynesville Shale regions, we are able to provide our customers with a nearby, safe, environmentally sustainable solution for the disposal of oilfield waste."

Tuan Tran, Partner at Intervale, added: "The Smiley transaction marks the successful completion of the first stage of Milestone's geographic expansion. Intervale looks forward to supporting Milestone's management team as the company pursues its growth strategy."

Edited from press release by Angharad Lock

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/05012016/milestone-acquires-smiley-facility-2643/