Image: SC Water to acquire Keystone Clearwater Solutions from American Water. Photo: courtesy of rawpixel/Pixabay. SC Water, LLC, a Pennsylvania-based natural gas and oil industry investment group, has signed a Membership Interest Purchase Agreement to acquire Keystone Clearwater Solutions from American Water Works Company, Inc. (NYSE: AWK). The acquisition of Keystone Clearwater Solutions, a specialized water management firm serving the Appalachian Basin’s natural gas and oil industry, is expected close by the end of 2019.As part of the transaction, Keystone Clearwater Solutions will form a strategic partnership with Hydro Recovery LP, a water treatment, recycling and transportation company. The strategic partnership – with Hydro Recovery having common ownership with SC Water – will create an industry-leading portfolio of water-related and environmental solution services for natural gas and oil companies operating across the Appalachian Basin.“This transaction and strategic partnership between Keystone Clearwater Solutions and Hydro Recovery will return Keystone to a natural gas and oil industry focused ownership group while enhancing our combined companies’ abilities to provide the critical services demanded by the industry,” said Keystone President and CEO Dan Dalton. “We look forward to continuing to provide our customers with superior service and are excited about our ability to bring an expanded portfolio of tailored water solutions to meet and exceed their evolving needs.”“This partnership reflects Hydro Recovery’s commitment to providing our natural gas and oil industry customers with a deep portfolio of water solution services that meet their unique needs,” said Hydro Recovery CEO Thomas Stabley. “Hydro Recovery is ideally positioned to operate and continue to grow alongside Keystone Clearwater Solutions. I look forward to working with the Keystone team to continue to build our competitive advantage focused on first-rate customer service.” Source: Company Press Release As part of the transaction, Keystone Clearwater Solutions will form a strategic partnership with Hydro Recovery LP, a water treatment, recycling and transportation company
in order to speed up the preparatory work for the construction of the new campus of Qinghai Normal University project, to ensure the smooth construction of the project, September 12th, vice governor Ma Shunqing to the new campus of Qinghai Normal University research, and held on-site office meeting, listen to the report on the progress of the construction of the new campus, and the relevant work arrangements.
Ma Shunqing fully affirmed by relevant departments actively, and promote the construction of new campus project achievements, and in the next step in the construction to be completed on schedule, the Sea Lake Road North Road land acquisition, and delivery of road construction, the relevant departments to carry out strict detailed audit on three land the construction cost of road. The new campus building 6 student apartment building has completed the preliminary design review, the relevant departments to effectively grasp the particularity and importance and social impact of the project, pre qualification of bidding enterprises, selection of construction enterprises aroused ability, technical strength and comprehensive construction ability of the implementation of the new campus construction project.
Ma Shunqing stressed that the University New Campus project from beginning to end all the formalities and procedures for examination and approval must be standardized and orderly, natural gas pipeline, power line line to shift work to a deadline, seriously do the preparatory work to ensure that electricity is started, the new campus construction and normal construction. (author: Li Xin)