Houston-based H2O said it plans to seek out water-related investments in the oil and gas sector across North America.
The company is led by chief executive Jim Summers, who previously worked at major operators Conoco and BP.
“We see a tremendous opportunity to help the industry lower costs, increase reliability, and improve safety performance, while allowing producers to focus on core drilling, completions, and production operations,” Summers said , Chief Executive Officer of H2O Midstream.