Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of select oilfield waste processing and disposal assets in Gonzales County, Texas to Milestone Environmental Services LLC (Milestone). BGL’s Environmental & Energy Services team served as the exclusive financial advisor to the seller’s senior secured lender. The specific terms of the transaction were not disclosed.
Located on approximately 10 acres near Smiley in Gonzales County, the facility currently provides saltwater disposal, truck washing, cuttings, recycling, and oil and water based fluid recovery services and is fully permitted and in the final stage of construction to process drill cuttings into road-base. A portfolio company of Intervale Capital, Milestone operates a network of six strategically located oilfield waste disposal sites serving the Eagle Ford and Haynesville Shale regions. The Smiley facility will expand Milestone’s footprint in the Eagle Ford Shale region.