Select Energy Services, Inc. (NYSE:WTTR) Q1 2024 Earnings Call Transcript

But it’s either going to be systems fit or an environmental or conditioned down hole or things of that nature that probably kills most of our deals, John.

Chris George: And John, this is Chris. I maybe add to that some of these opportunities as well as we’ve mentioned, we’re able to buy some of these assets at below replacement costs, which in and of itself is oftentimes replacing what is growth capital that we might otherwise be interested in organically investing. If we can go find an asset that’s a strategic fit, underutilized and buy it in a manner that’s going to be competitive against what would’ve already been a need for an organic project that’s going to be a continued opportunity for us to add to the portfolio.

Operator: Ladies and gentlemen, we have reached the end of the question-and-answer session. I would like to turn the call back to John Schmitz for closing remarks.

John Schmitz: Yes. Thank you everyone for joining the earnings call today. I continue to add on thanks to our employees, the customers, the investors and we really look forward to talking to you about Select in the next quarter. Thank you very much.

Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time.