Select Energy Services, Inc. (WTTR): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how the energy industry manages its most precious resource? Select Energy Services, Inc. (WTTR), a key player in water and chemical solutions for the U.S. oil and gas sector, might just have the answers you're looking for. With a $1.52 billion market capitalization as of February 2025 and a comprehensive approach to water management, how does Select Energy Services operate and generate revenue in this dynamic market? Keep reading to explore the history, ownership structure, operational mechanics, and financial performance of this intriguing company.

Select Energy Services, Inc. (WTTR) History

Select Energy Services, Inc. Founding Timeline

Year established

Select Energy Services, Inc. was established in 2007.

Original location

The original location and headquarters of Select Energy Services is in Houston, Texas.

Founding team members

While specific names of the original founding team members are not readily available in the provided search snippets, the company was formed through the efforts of individuals who aimed to capitalize on the growing needs within the oilfield services sector.

Initial capital/funding

Information regarding the initial capital and funding for Select Energy Services during its founding in 2007 is not available in the provided search results.

Select Energy Services, Inc. Evolution Milestones

Select Energy Services, Inc. Transformative Moments

• Acquisition of Rockwater Energy Solutions (2017): This acquisition significantly broadened Select Energy Services' service offerings, particularly in water management and chemical solutions. The deal, valued at approximately $784.4 million, marked a pivotal expansion of Select's capabilities and market presence.
• Focus on Sustainable Water Management: Recognizing the increasing importance of environmental responsibility, Select Energy Services has strategically emphasized sustainable water management and recycling technologies. This shift not only aligns with industry trends but also enhances the company's long-term competitiveness and appeal to environmentally conscious clients.
• Strategic Investments in Water Infrastructure: The company's investments in water pipeline infrastructure have been crucial in enhancing its water delivery and disposal services. These investments have allowed Select Energy Services to improve efficiency, reduce costs, and better serve its clients in key shale plays.

To gain further insights into the investors and stakeholders behind Select Energy Services, Inc., explore this resource: Exploring Select Energy Services, Inc. (WTTR) Investor Profile: Who’s Buying and Why?

Select Energy Services, Inc. (WTTR) Ownership Structure

Select Energy Services, Inc. operates with a mixed ownership structure, including public shareholders and institutional investors. Understanding this structure provides insights into the company's governance and strategic direction. For more in-depth analysis, check out: Exploring Select Energy Services, Inc. (WTTR) Investor Profile: Who’s Buying and Why?

Select Energy Services, Inc. Current Status

Select Energy Services, Inc. is a public company, trading on the New York Stock Exchange (NYSE) under the ticker symbol WTTR. This means that a portion of the company is owned by public investors who can buy and sell shares on the open market.

Select Energy Services, Inc. Ownership Breakdown

The ownership of Select Energy Services is distributed among various types of shareholders. The table below summarizes the ownership percentages held by different categories of shareholders based on the latest available data.

Select Energy Services, Inc. Leadership

The leadership team is crucial for guiding the strategic direction and operational execution of Select Energy Services, Inc. Key members of the leadership team include:

• John Schmitz: President and Chief Executive Officer
• Nick Swyka: Executive Vice President and Chief Financial Officer
• Clent Walker: Executive Vice President and Chief Operating Officer

Select Energy Services, Inc. (WTTR) Mission and Values

Select Energy Services strives to be a trusted partner in the energy industry, committed to providing innovative and efficient solutions while upholding strong values.

Select Energy Services' Core Purpose

Official mission statement

Select Energy Services does not have a formal, published mission statement. However, through analysis of their actions, we can infer their mission. Select Energy Services likely focuses on:

• Providing comprehensive water management, well intervention, and other essential services to the oil and gas industry.
• Delivering innovative and efficient solutions that optimize resource utilization and minimize environmental impact.
• Building strong, collaborative relationships with customers and partners based on trust and mutual success.
• Maintaining a safe and ethical work environment that attracts, develops, and retains top talent.
• Creating long-term value for shareholders through sustainable growth and responsible financial management.

Vision statement

Select Energy Services does not have a formal, published vision statement. However, their vision can be inferred as:

• To be the leading provider of comprehensive solutions to the energy industry, recognized for innovation, efficiency, and sustainability.
• To create value for our clients through safe, efficient, and effective solutions.

Company slogan/tagline

Select Energy Services does not have a formal, published slogan or tagline. For more in-depth information, check this link: Mission Statement, Vision, & Core Values of Select Energy Services, Inc. (WTTR).

Select Energy Services, Inc. (WTTR) How It Works

Select Energy Services, Inc. provides water management and chemical solutions to the energy industry, aiding in the efficient and environmentally responsible development of oil and gas resources.

Select Energy Services' Product/Service Portfolio

Select Energy Services' Operational Framework

Select Energy Services operates through two main segments:

• Water Solutions: This segment focuses on sourcing, transferring, storing, and disposing of water used in hydraulic fracturing. It also includes water treatment and recycling services, helping operators reduce their environmental footprint.
• Chemical Solutions: This segment develops, manufactures, and delivers a variety of chemicals used in drilling, cementing, stimulation, and production operations. These chemicals enhance the efficiency and effectiveness of oil and gas extraction processes.

The company’s operations are supported by a network of facilities and equipment strategically located in key oil and gas producing regions. Select Energy Services emphasizes safety and environmental responsibility in all its operations, adhering to strict regulatory standards and implementing best practices.

Select Energy Services' Strategic Advantages

• Comprehensive Service Offering: Select Energy Services provides a full suite of water management and chemical solutions, allowing it to serve as a one-stop shop for oil and gas operators.
• Technological Expertise: The company invests in research and development to develop innovative technologies for water treatment, recycling, and chemical applications.
• Strategic Asset Base: With a network of strategically located facilities and a large fleet of equipment, Select Energy Services can efficiently serve customers in key oil and gas producing regions.
• Strong Customer Relationships: Select Energy Services has built long-standing relationships with many of the leading oil and gas operators, based on its reputation for reliability, safety, and service quality.

To gain more insights into the company's financial performance, consider exploring: Breaking Down Select Energy Services, Inc. (WTTR) Financial Health: Key Insights for Investors

Select Energy Services, Inc. (WTTR) How It Makes Money

Select Energy Services, Inc. primarily generates revenue by providing a range of services and products to the oil and gas industry, focusing on water management, well intervention, and other essential support services for exploration and production activities.

Select Energy Services, Inc.'s Revenue Breakdown

Here's a look at the revenue streams that drive Select Energy Services, Inc.

Select Energy Services, Inc.'s Business Economics

Select Energy Services, Inc.'s business economics are influenced by several key factors:

• Pricing Strategies: The company employs competitive pricing strategies, adjusting service rates based on market demand, project complexity, and geographic location. Favorable pricing dynamics in 2024 boosted margins, reflecting strong market conditions.
• Economic Fundamentals: The health of the oil and gas industry significantly impacts Select Energy Services, Inc. Higher crude oil prices typically lead to increased drilling and production activity, driving demand for the company's services. Conversely, downturns in the oil market can reduce demand and put pressure on pricing.
• Operational Efficiency: Efficient operations, including optimized logistics and resource management, are crucial for maintaining profitability. Investments in technology and infrastructure enhance service delivery and reduce costs.

Select Energy Services, Inc.'s Financial Performance

Key highlights of Select Energy Services, Inc.'s recent financial performance include:

• Revenue Growth: Select Energy Services, Inc. has demonstrated substantial revenue growth, driven by increased demand for its water solutions and well intervention services. For example, total revenue for 2024 was $1.49 billion.
• Profitability: Improved operational efficiencies and favorable market conditions have led to enhanced profitability. Gross profit for 2024 was $339.2 million, compared to $259.4 million in the prior year.
• Key Metrics:
  • **Gross Margin:** The gross margin improved to 22.8% in 2024 from 19.9% the previous year, reflecting better cost management and pricing strategies.
  • Net Income: Select Energy Services, Inc. reported a net income of $55.4 million in 2024, a significant increase from the previous year.
  • Adjusted EBITDA: Adjusted EBITDA increased to $169.3 million in 2024, compared to $122.9 million in the prior year.

Explore more about Select Energy Services, Inc. in this related article: Exploring Select Energy Services, Inc. (WTTR) Investor Profile: Who’s Buying and Why?

Select Energy Services, Inc. (WTTR) Market Position & Future Outlook

Select Energy Services is strategically positioned to capitalize on the increasing demand for water management and well-site services in the oil and gas industry. With a focus on sustainable practices and technological innovation, the company aims to strengthen its market presence and improve profitability.

Competitive Landscape

Opportunities & Challenges

Industry Position

Select Energy Services holds a significant position in the oilfield services sector, particularly in water management. The company's focus on providing comprehensive solutions, including sourcing, treatment, and disposal of water, sets it apart in a competitive market.

• The company is expanding its infrastructure network to better serve key shale basins.
• Investment in technology is aimed at improving efficiency and reducing environmental impact.
• Strategic partnerships are being formed to broaden service offerings and market reach.

For more insights into Select Energy Services, explore this detailed investor profile: Exploring Select Energy Services, Inc. (WTTR) Investor Profile: Who’s Buying and Why?