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Resilient Energy Inc. Enters LOI Negotiations for Second Acquisition; First Acquisition Nears Closing
Globenewswire· 2026-03-26 14:30
Company Overview - Resilient Energy Inc. (OTC: RENI) is an independent oil and gas acquisition company focused on producing properties and complementary energy services [5] - The company's strategy emphasizes building diversified revenue streams to mitigate sector volatility while ensuring profitable and sustainable operations [5] - RENI's leadership team possesses extensive experience in the energy sector, particularly in saltwater disposal operations [5] Acquisition Strategy - RENI is currently negotiating a second acquisition that will expand and complement the key assets of its first acquisition, which is nearing completion [1] - The second target operates in the same sector, providing infrastructure and services related to produced water, salt water disposal, recycling, and support operations for crude oil production [2] - If both acquisitions are finalized, RENI will be positioned as a leading operator in produced water management, enhancing its capacity, diversifying its assets, and strengthening its customer base with immediate growth potential [3] Industry Context - The current U.S. market has approximately 36,000 active disposal wells, indicating a significant operational landscape for water management solutions [6] - The Permian Basin is expected to experience a seven-fold increase in produced water disposal by 2030, underscoring the rising demand for high-capacity, compliant water-management solutions [6] CEO Commentary - The CEO of RENI, Jon Bianco, stated that negotiations for the second acquisition are progressing well and that the company is focused on becoming a leading, infrastructure-driven platform in produced water management [5]