Ridgeline Energy Services Inc. announces a Management Agreement with Kerr Energy (Kerr) of Midland, Texas. Ridgeline will provide contracting services for the collection, treatment and disposal of oil and gas flowback and produced waste water in the Midland Texas area. Ridgeline projects growth due to the Agreement of about $ 4.5 Million annually.

The purpose of The Management Agreement is to allow RLE to manage KERR while a regulatory and due diligence audit is completed, and a definitive agreement to purchase all of the outstanding interest of KERR by RLE is drafted. The Agreement took effect on April 22nd.

KERR holds interests in certain contracts for the treatment and post processing sale of waste water in several key locations in the Midland market. RLE has been under contract and working with KERR on a subcontract basis. RLE will now assume all current business of KERR and sign contracts directly with the oil and gas producers.

In addition, Ian Kerr will join Ridgeline as General Manager of our Midland Operations which includes eastern New Mexico.

Tags: Kerr Energy, Ridgeline Energy Services Inc.