Select Water Solutions closes acquisition of Pilot Water Solutions

• Select Water Solutions has completed its acquisition of Pilot Water Solutions, a water midstream operator primarily in the Delaware Basin.
• The approximately $700 million debt-free purchase includes approximately $600 million cash and 5,149,331 shares of Class A common stock.
• One seller could receive an additional $15 million upon meeting operational milestones expected in early 2027.
• That seller also receives a cash true-up if the 30-day volume-weighted average share price declines between closing and the six-month anniversary.
• A new $500 million revolving credit facility became effective at closing, replacing the previous sustainability-linked senior secured credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Select Water Solutions Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611021615PR_NEWS_USPR_____DA87121) on November 02, 2026, and is solely responsible for the information contained therein.