XRI Blue is a leading water supply and pipeline transportation company providing world class water logistic solutions to upstream oil and gas producers in the Permian Basin of West Texas and New Mexico. The partnership with MSEP provides the Company with additional resources to accelerate the expansion of XRI Blue’s asset base, capabilities and portfolio of services offered to its customers.

XRI Blue’s senior management team, including Matthew Gabriel, Christopher Harich and Christopher Downs, has significant technical and operational water resource management experience and will continue to serve as the senior leadership team of the Company.