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SELECT ENERGY SERVICES ANNOUNCES NEW $50 MILLION SHARE REPURCHASE PROGRAM

PR Newswire - Tue Mar 21, 2023

HOUSTON, March 21, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its board of directors has authorized a new $50 million share repurchase program under which the Company may repurchase its outstanding shares of Class A common stock. This new authorization is in addition to the $8.6 million remaining outstanding under the Company's previous $25 million authorization, as of December 31, 2022. The combined outstanding repurchase authorization represents nearly ten percent of the Company's outstanding Class A common stock based on the closing price on Friday, March 17, 2023.

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