Aris Water Solutions, Inc. Publishes 2022 Sustainability Report
11 September 2023 - 10:30PM
Business Wire
Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water,”
or the “Company”) announced today the publication of its 2022
Sustainability Report, which highlights the significant progress
Aris made in 2022 related to environmental, social, and governance
goals and details how Aris continues to build upon its recognized
leadership in enhancing water sustainability in its areas of
operation.
“We are pleased to publish our second annual Sustainability
Report, which highlights our commitment, leadership, and progress
towards improving water sustainability in the Permian Basin as
safe, reliable, and comprehensive water management is of critical
importance to our customers and the communities in which we
operate,” said Amanda Brock, President and CEO of Aris. “Looking
forward, we continue to lead collaborative industry efforts to
evaluate and pilot technologies to further enhance water
stewardship through the beneficial reuse of produced water beyond
the oil and gas industry. We are committed to continued,
sustainable growth that benefits all of our stakeholders.”
Highlights from the 2022 Sustainability Report include:
- 144% annual increase in produced water recycled volumes,
reducing the extraction and use of groundwater from Permian Basin
aquifers by over 4.5 billion gallons in 2022. 1
- 27% decrease in Scope 1 emissions primarily through continued
electrification of our assets.1
- Aris exceeded its 2022 Sustainability Performance Target
(“SPT”) under its Sustainability Linked Bond, the first in the
produced water infrastructure industry. Greater than 70% of water
Aris sold during 2022 was recycled produced water, exceeding the
SPT of 60%.
- Executed a Strategic Agreement with Chevron and ConocoPhillips,
joined in early 2023 by ExxonMobil, to pilot and implement
technologies to treat produced water for beneficial reuse in the
Permian Basin.
- Selected by the Department of Energy and the National Alliance
for Water Innovation to receive funding to evaluate promising
desalination technologies for treating produced water.
- Continued focus on health and safety including a 73% reduction
in Total Recordable Incident Rate1.
The Report also includes tables providing supplementary data for
Company energy usage, emissions, water intensity, safety,
diversity, human capital management, board composition, and water
releases.
_________________________ 1 Percentages are calculated using the
change from 2022 to 2021. Reporting year 2021 refers to the period
from 1/1/2021 to 12/31/2021.
Reporting year 2022 refers to the period from 1/1/2022 to
12/31/2022.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact,
included in this press release that address activities, events or
developments that the Company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are based on certain assumptions and analyses made by
the Company based on management’s experience, expectations and
perception of historical trends, current conditions, current plans,
anticipated future developments, expected financings, technology
developments, regulatory frameworks and other factors believed to
be appropriate. Forward-looking statements are not guarantees of
performance. Although the Company believes the expectations
reflected in its forward-looking statements are reasonable and are
based on reasonable assumptions, no assurance can be given that
these assumptions are accurate or that any of these expectations
will be achieved (in full or at all) or will prove to have been
correct. Moreover, such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. These include the risk factors and other information
discussed or referenced in the Report under the heading “Cautionary
Statements” as well as in the Company’s most recent Annual Report
on Form 10-K and other filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Information on the Company’s
website is not part of this press release.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. (NYSE: ARIS) is a leading,
growth-oriented environmental infrastructure and solutions company
that directly helps its customers reduce their water and carbon
footprints. Aris Water delivers full-cycle water handling and
recycling solutions that increase the sustainability of energy
company operations. Its integrated pipelines and related
infrastructure create long-term value by delivering high-capacity,
comprehensive produced water management, recycling and supply
solutions to operators in the core areas of the Permian Basin.
Additional information is available on our website,
www.ariswater.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230911812329/en/
David Tuerff Senior Vice President, Finance and Investor
Relations (281) 501-3070 IR@ariswater.com
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