Goodnight Midstream closed a $105 million syndicated revolving loan. ABN AMRO led the financing effort, with participation from Texas Capital Bank, East West Bank and Cadence Bank. The company intends to use the proceeds from the debt financing, after repaying existing debt, to execute its expansion into Texas, New Mexico and other additional basins.

“We are proud to partner with this leading group of lenders as we continue our significant growth and innovation in the midstream water injection space and our continued commitment to scale to our client’s needs,” said Patrick Walker, CEO.

The company also opened two new saltwater disposal (SWD) facilities in the Bakken of North Dakota, the Moberg SWD and Lystad SWD.

Dallas-based Goodnight Midstream provides trusted professional fluids management services to its customer base. The company owns and operates a network of water gathering pipelines and saltwater disposal wells focused on gathering and disposing of produced saltwater for oil and gas producers.