Oklahoma’s Premier Water Midstream Solution
COMPANY
Lagoon, headquartered in Edmond, OK, is Oklahoma’s leading midstream water logistics company. Lagoon develops and operates expansive midstream water infrastructure throughout the Anadarko Basin. Our current assets are comprised of commercial disposal wells, extensive pipeline gathering systems and an owned and operated fleet of water hauling trucks.
Lagoon ensures reliable water takeaway solutions for operators to reduce operating costs and deploy capital direct-to-drill bit. Lagoon partners with operators to acquire existing water infrastructure and support production growth through organic infrastructure development.
CULTURE
Lagoon strives to build a corporate culture that promotes safety, family, cost consciousness and innovation along with prudent environmental stewardship. The safety of our employees is paramount to the success of our company. We are excited to grow our company with like-minded partners and employees that embrace a culture of excellence geared to not only provide industry leading customer support but to also support our families and personal lives along the way.
HISTORY
Founded in 2017 by partners Blaine Dyer and Gage Herrmann, Lagoon developed a small trucking footprint in the STACK area and has since expanded to over 35 trucks, 75 miles of pipeline and 13 disposals. In September 2018, Lagoon partnered with Macquarie Infrastructure Partners for a total commitment up to $500 million. The company has grown dramatically over the preceding years and by year end 2018, Lagoon will have more than 200,000 acres dedicated and 350,000 bbls of water disposal capacity.
FINANCIAL PARTNER
Macquarie Infrastructure and Real Assets (MIRA) is a business division within the Macquarie Asset Management group of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. MIRA has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relations. Established in 1996, MIRA has approximately US $129 billion of total assets under management as of September 30, 2018.
MIRA’s investment in Lagoon is through Macquarie Infrastructure Partners IV, MIRA’s fifth North American focused unlisted infrastructure fund, which reached final close at its hard cap of over $5 billion in December 2018. MIP IV attracted commitments from a diverse group of returning and new investors from around the world, including public and private pension plans, insurance companies, corporations and sovereign wealth funds. MIP IV is focused on high-quality investments across the transportation, communications, energy and waste infrastructure sectors.
Philosophy and Commitment
At Lagoon, it is our policy that Health, Safety and Environmental stewardship will not be compromised. It is every employee's obligation to conduct their work in accordance with this unwavering belief, and it is management's responsibility to provide the proper training, tools and resources to ensure continual improvement. We are committed ethically, financially and personally - to achieving a work environment where all employees and contractors, return home in the same condition they arrived at work.
This picture depicts one of our state-of-the-art disposal facilities being constructed safely
Lagoon's Life-Saving Rules
While it is essential to identify and control for all hazards, Lagoon believes that there are certain high-risk activities that present additional risk. As part of our safety-first culture, Lagoon places additional focus on Safe Driving, Overhead Lifting, Work at Heights, Trenching/Excavations, Pre-Job Planning and Confined Space Entry.
Training
Prior to commencing work for our partners, all employees participate in a robust HSE orientation and attend Safeland USA and Hydrogen Sulfide training. Additionally, they receive all annual regulatory required HSE trainings either through Web Based Trainings or instructor led trainings.
Stop Work Authority
All employees and contractors are empowered and obligated to Stop Work at any time that they feel it is unsafe, without any fear of retribution.
"Health, Safety and Environmental excellence is a core value at Lagoon and is a critical aspect of our management philosophy. To be a premier midstream company in the 21st Century, there is no room for shortcuts."
- Pete Hollis, Chief Operating Officer
December 13, 2018
Produced water pipelines are growing in the SCOOP, Merge and STACK, water conference attendees learned. Read Full Article
September 10, 2018
Lagoon Water Solutions Holdings, LLC announced an agreement for Macquarie Infrastructure Partners (MIP) to invest up to $500 million in Lagoon to fund the ongoing growth of the company. Read Full Article
