Aris Water says ExxonMobil added to water reuse agreement

Aris Water Solutions, Inc. (ARIS) announced that ExxonMobil (XOM) has joined Aris’s previously announced strategic agreement with Chevron U.S.A. Inc. (CVX) and ConocoPhillips Company (COP) to develop and pilot technologies and processes to treat produced water for potential beneficial reuse opportunities. Together, Aris, ExxonMobil, Chevron, and ConocoPhillips seek to develop cost-effective and scalable solutions of treating produced water for non-consumptive agricultural, alternative power generation and other industrial and commercial applications, the company said. "We are delighted that ExxonMobil is joining our collaborative industry efforts to improve water sustainability management in the Permian Basin by developing and piloting additional opportunities to use produced water outside of the oil and gas industry," said Aris President and CEO Amanda Brock. "By combining the expertise and resources of ExxonMobil, Chevron, and ConocoPhillips with Aris’s proven capabilities in water gathering, treatment, and recycling, we can further accelerate beneficial reuse solutions."