Expedition Water Solutions

Expedition Water Solutions (“Expedition”) is an oilfield wastewater disposal infrastructure company based in Greeley, Colorado.
Year Founded
Greeley, CO

Investment Overview

Expedition is an oilfield wastewater infrastructure and disposal services provider with operations in the DJ Basin and Powder River Basin (“PRB”). The company was founded by Jim Goddard who had over 25 years of direct saltwater disposal experience in the DJ Basin. Expedition provides services to oil and natural gas producers and trucking companies and has grown into a leading provider in the DJ Basin and PRB through a combination of organic development and acquisition.

Transaction Background

The rapid increase in oil and gas drilling activity in the U.S. onshore market, and specifically the DJ Basin, resulted in a significant increase in water disposal requirements. To address the need for additional disposal capacity in the DJ Basin, Platform partnered with Jim Goddard to form Expedition in 2013. In a short time, Mr. Goddard has successfully grown Expedition from a single disposal facility to a multi-basin company today with +165,000 Bw/d disposal capacity. Expedition is the second largest saltwater disposal operator in the DJ Basin.