Middle-market private equity fund TPH Partners II has formed a partnership with Big Horn Energy Services, an oilfield service company headquartered in Midland, Texas.
Big Horn provides oilfield water solutions in the Permian Basin, including real-time high-volume water transfer in support of hydraulic fracturing operations.
Big Horn is led by an experienced management team, anchored by president and chief executive officer John Nava. Prior to forming Big Horn, Nava spent more than a decade with Halliburton and most recently served as the company’s regional business development manager in the Permian Basin.
“We are really excited to partner with John and his high-quality team at Big Horn,” says George McCormick, managing partner of TPH Partners. “Water usage by E&P companies has obviously increased dramatically over the last several years due to longer horizontal laterals, more fracturing stages and larger volumes per stage, creating the need for experienced water solution providers like Big Horn. The team’s deep relationships and oilfield experience in the Permian Basin were critical to our investment decision and we look forward to growing the business together.”
“We are excited to have found a partner like TPH Partners who can support our growth plans as well as provide valuable industry relationships, expertise and market knowledge to our team,” adds Nava. “We believe that the increased demand for water services combined with our capabilities provides Big Horn with tremendous growth opportunities.”