Select Energy Services Rebrands to Select Water Solutions, Cementing Water-First Strategy

HOUSTON, May 8, 2023 – Select Energy Services, Inc. (NYSE: WTTR), formerly a prominent name in energy service solutions, has officially transitioned to Select Water Solutions, Inc. This strategic rebranding, effective May 8, 2023, marks a significant milestone for the company, underscoring its commitment to sustainable water and chemical solutions within the energy sector. The decision, ratified by stockholders at the 2023 Annual Meeting on May 4, reflects the company’s evolution and intensified focus on water-centric operations.

The formal name change from Select Energy Services, Inc. to Select Water Solutions, Inc. is more than just a cosmetic update; it’s a declaration of the company’s core identity and future direction. This rebranding initiative is designed to better communicate the company’s primary strengths and strategic priorities to all stakeholders. While Select Energy Services established a strong foundation in the broader energy sector, the company’s leadership recognizes the increasing importance of specialized water solutions and the unique opportunities within this domain.

John Schmitz, Chairman, President, and CEO of Select Water Solutions, emphasized the significance of this transition: “I am excited about formalizing our name change to Select Water Solutions, Inc. and furthering our operational rebranding initiatives to embrace our heritage as a water-first company. Deploying our new brand across our operations and into the marketplace in the coming months is a key priority. This rebranding will streamline our communications, ensuring clarity with both our customers and investors, and amplify brand recognition for Select’s comprehensive capabilities and advanced technologies across our entire operational platform. Select is uniquely positioned to leverage diverse growth opportunities, building upon our established expertise in sustainable water and chemical solutions. This rebranding initiative strategically positions Select for a future inextricably linked to water.”

The move to Select Water Solutions signals a refined strategic direction, building upon the legacy of Select Energy Services. The company is not abandoning its deep-rooted experience in the energy industry but rather channeling its expertise to address the growing demand for sustainable water management. This includes leveraging critical water infrastructure assets, specialized chemical manufacturing, and advanced water treatment and recycling technologies.

As a leader in providing sustainable water and chemical solutions, Select Water Solutions prioritizes the safe and environmentally responsible handling of water throughout the entire lifecycle of energy operations. The company recognizes that responsible water management is not only an ethical imperative but also crucial for long-term success and environmental preservation. This commitment resonates deeply within the energy industry, where efficient and sustainable water practices are becoming increasingly critical.

Select Water Solutions remains committed to providing the same high level of service and innovation that clients have come to expect from Select Energy Services, now with an intensified focus on water. The company’s stock will continue to trade on the New York Stock Exchange under the ticker symbol “WTTR,” ensuring continuity for investors. This rebranding is a strategic evolution, reinforcing Select Water Solutions’ position as a leader in the evolving landscape of energy and water sustainability.

For further information about Select Water Solutions and its comprehensive offerings, please visit the company’s website at https://www.selectwater.com/.

Forward-Looking Statements

This announcement includes forward-looking statements reflecting current expectations regarding future results. Terms like “could,” “believe,” “anticipate,” “expect,” “intend,” “project,” “will,” “estimate,” and similar expressions are used to identify these statements. These forward-looking statements encompass expectations regarding plans, business strategies, growth objectives, and anticipated financial and operational performance. While these expectations are believed to be reasonable, there is no guarantee of their accuracy. These statements are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks include the integration of acquired businesses, realization of anticipated benefits and synergies, and potential impacts on relationships with stakeholders. Factors influencing these statements include global macroeconomic uncertainties, geopolitical events like the Russia-Ukraine war, central bank policies, OPEC+ actions, world health events, capital spending in the oil and gas sector, and oil and gas price volatility, as detailed in the company’s SEC filings, including the Form 10-K. Investors are cautioned against undue reliance on these statements, which are valid only as of the date of this announcement. Select Water Solutions undertakes no obligation to update these statements unless legally required.

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SOURCE Select Water Solutions