HOUSTON, TX —
Resilient Energy Inc. (OTC: RENI) announced that it entered letter-of-intent negotiations for a second acquisition intended to complement the company’s first pending transaction, which was then approaching closing.
The second target operates in produced-water management, saltwater disposal, recycling, and related support services for crude-oil production. At the date of the release, management described the target as a profitable business with multimillion-dollar revenue and relationships with large energy producers.
If completed, the two transactions were expected to give Resilient Energy a broader operating position across produced-water logistics, disposal, and complementary field services.
Industry context at the date of the release
The release cited approximately 36,000 active disposal wells in the United States and referenced industry projections calling for substantial growth in Permian Basin water-management demand through 2030. These figures were included as historical context and should not be read as current market guidance.
“Our goal is to assemble complementary operating businesses rather than isolated assets. This second opportunity could expand our reach across the produced-water value chain and strengthen the company we are working to build.”
Jon Bianco, Chief Executive Officer