H2O Midstream LLC.

cations–where an operator is locked in to us as their single provider for years to come–to daily spot deals for a day or a week when a customer has excess volume they can’t deal with.We help them out and there’s no volume commitment.There’s also different pricing at various levels of service.” BVM: How does concern for the environment impact operations? Bull: “Produced water is essentially heavy brine, very salty water,which isn’t conducive to most growing organisms, so you want to keep that out of the en- vironment.The state of Texas, through the Railroad Commission, does all they can to protect the envi- ronment through regulations, but those rules aren’t onerous.There’s not a big contingency that tries to impede oil and gas development through regula- tion.” Summers: “Three of the most positive things we’ve done to lessen impact on the environment are: Putting pipelines in place that pull thousands of water transporting trucks off the road; using shared infrastructure in a single water storage facility serv- ing seven customers, rather than having seven fa- cilities; and facilitating the reuse of water. Instead of consuming fresh water from aquifers and disposing of dirty water in underground injection wells, you’re able to recycle that water,which is very positive for the environment.” BVM: What’s ahead for the future of H 2 OMidstream? Summers: “Over 30 years in the industry, I’ve never seen opportunities like we witness now in water midstream.You see the growth trajectory the Perm- ian Basin is on and the material impact that will have on the country, and the world, as the whole shift in global oil supply changes.Multiply that by five, because for every barrel of oil produced, you produce five barrels or more of water within the Permian Basin.An enormous amount of infrastruc-