Select Energy Services enters stalking horse deal to acquire Agua Libre Midstream for $15M cash and 902,593 shares

Select Water Solutions, Inc.

Consideration: $15M cash plus 902,593 shares of WTTR Class A common stock.
Stalking horse bid under Section 363 of Bankruptcy Code; subject to court approval and competing bids at auction.
Agua Libre operates water midstream, logistics, and production services in TX, NM, OK, LA, ND.
Acquisition would expand Select's produced water infrastructure and reuse capabilities, particularly in Permian Basin.
Expected to close in second half of 2021; business to remain operational throughout process.

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