Select Energy Services Announces CEO Transition

By Brad Kramer January 4, 2021 View Profile

Houston-based Select Energy Services Inc. announced Jan. 4 that the board of directors has appointed John D. Schmitz as the CEO and president effective Jan. 3.

Select Energy Services is a leading provider of water management and chemical solutions to the U.S. unconventional oil and gas industry,

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Schmitz will continue to serve as chairman of the board. Holli C. Ladhani, the former CEO and president, has departed the company effective Jan. 3 to pursue other opportunities. As a result of her departure from the company, Ladhani will no longer serve as a director on the board or in any other capacity with Select Energy Services or any of its affiliated entities.

Schmitz has served as chairman since Dec. 31, 2019, and previously served as executive chairman from November 2017 until Dec. 31, 2019. Prior to the company’s combination with Rockwater Energy Solutions Inc., he served as the CEO and chairman from November 2016 through November 2017 and served as the CEO and chairman of Select and predecessor entities since the company was originally founded as Peak Oilfield Services LLC and began operations in 2007.

Under Schmitz’s leadership, Select has experienced significant growth and transformation, both organically and through strategic acquisitions of oilfield services companies and technologies. A lifelong entrepreneur, he has also founded and developed numerous other successful oil and gas businesses, including Silver Creek Oil & Gas, Complete Production Services and CP Energy.

“I am excited to assume this executive leadership position with Select,” Schmitz said. “I have a long history with Select and look forward to working closely with our management team, customers and other stakeholders to navigate the current industry downturn and position Select for future success as the effects of the COVID-19 pandemic hopefully subside during 2021.”

Schmitz also thanked Ladhani for her “service and contributions” to the company on behalf of the board of directors and wished her well in her future endeavors.

“It has been my privilege to work with the Select and Rockwater teams over the past ten years,” Ladhani said. “I would like to thank them and wish Select all the best going forward.”

Select Energy Services is a leading provider of total water management and chemical solutions to the unconventional oil and gas industry in the United States. Select provides for the sourcing and transfer of water, both by permanent pipeline and temporary hose, prior to its use in the drilling and completion activities associated with hydraulic fracturing, as well as complementary water-related services that support oil and gas well completion and production activities, including containment, monitoring, treatment and recycling, flowback, hauling, gathering and disposal.

Select, under its Rockwater Energy Solutions brand, develops and manufactures a full suite of specialty chemicals used in the well completion process and production chemicals used to enhance performance over the producing life of a well. Select currently provides services to exploration and production companies and oilfield service companies operating in all the major shale and producing basins in the United States.