Market Overview

Fluid Delivery Solutions, LLC Appoints Executive Chairman


Fluid Delivery Solutions, LLC (FDS), a leading oilfield water management
company with operations across the Permian, Eagle Ford, Eaglebine,
Marcellus and Utica basins, today announced the appointment of Richard
"Dick" J. Alario as Executive Chairman of the Board of Directors. Mr.
Alario has a distinguished career in both domestic and international
energy markets, having held top-level positions across oilfield services
businesses in the United States, United Kingdom, Latin America and
Middle East, most recently as Chairman and CEO of Key Energy Services,
where he served between 2004 and 2016. In his capacity as Executive
Chairman, Mr. Alario will work closely with Jess Foshee and Philip
Kuntz, FDS's Co-Presidents, and lead the company's Board of Directors,
with a focus on instilling operational excellence and carrying out
strategic initiatives.

"FDS operates in one of the most critical subsegments of oilfield
services—water management—and through its full-suite of capabilities and
unrelenting focus on providing best-in-class service to its customers,
has grown into a leading platform within the oilfield water management
space," said Mr. Alario. "I look forward to working with management and
the Board to capitalize on a tremendous market opportunity and further
cement FDS as the leader in oilfield water management services."

Mr. Alario is currently the Presiding Director of Kirby Corporation
(NYSE:KEX) and Chairman of its Corporate Governance and Nominating
Committee, as well as a member of its Audit Committee. Additionally, he
serves as a Director of DistributionNOW (NYSE:DNOW), where he is
Chairman of the Compensation Committee and a member of the Corporate
Governance and Nominating Committee. Mr. Alario is Chairman Ex-Officio
of the National Ocean Industries Association (NOIA) and has served as
Director or member of several other energy companies, industry groups
and trade associations throughout his career.

"We are excited to have Dick join the Executive Team at FDS and believe
his experience working with operators across unconventional North
American basins will be incredibly valuable in supporting the Executive
Team at FDS," said Mr. Kuntz, Co-President / CFO of FDS. "Dick's
customer relationships and ability to execute multi-basin initiatives
will be tremendously valuable as we embark on the next stage of growth
at FDS," added Mr. Foshee, Co-President / COO of FDS.

About FDS

Fluid Delivery Solutions is an oil and gas service company headquartered
in Fort Worth, Texas. The company is focused on delivering best-in-class
water transfer, containment, sourcing and treatment services to the oil
and gas industry. Since January 2011, when operations began in Oakdale,
Pennsylvania, FDS has grown to over 800 employees and currently operates
in the Permian, Eagle Ford, Eaglebine, Marcellus and Utica basins. The
company's tremendous growth can be attributed to management's ability to
attract and retain the most experienced and qualified personnel. With
its qualified staff, FDS has developed a reputation for excellence in
managing complex oilfield water solutions. For more information about
FDS, visit

FDS is backed by Trilantic Capital Management L.P. ("Trilantic North
America"), a private equity firm with investments in the business
services, consumer and energy sectors. Trilantic North America currently
manages six private equity fund families with aggregate capital
commitments of $9.1 billion. For more information about Trilantic North
America, visit

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