XRI Holdings, a leading water management and midstream company in the Permian Basin, announced today that John R. Durand has joined the Company’s leadership team as President.
Mr. Durand has over three decades of energy experience, having most recently served as President & Chief Operating Officer of WaterBridge Resources, LLC. Prior to joining WaterBridge, John served on the Management Team of Pioneer Water Management LLC, a whollyowned subsidiary of Pioneer Natural Resources, one of the largest independent producers in the Permian Basin. In that role, Mr. Durand oversaw the commercial, logistics and supply sourcing functions for one of the largest midstream water operations in North America. John served as the commercial lead in negotiating landmark agreements with the cities of Odessa and Midland to purchase municipal effluent water for Pioneer’s long-term development requirements. Prior to his role at Pioneer, John served as Vice President of Business Development for PVR Partners L.P.. and in a variety of leadership positions with Crosstex Energy Services, L.P. (now EnLink Midstream LLC).
“We have known John for many years both as a customer and a competitor. We’re delighted to now be able to call him a partner. He has long been a thought leader in the water management industry, and he brings a wealth of executive-level midstream and business development experience. John will be instrumental in assisting XRI in continuing to grow our footprint and deliver state-of-the-art water solutions, which leverage our expansive and growing network of Permian Basin water systems,” said XRI CEO Matthew Gabriel.
“XRI has already developed a world-class water midstream platform that delivers differentiated and costeffective solutions to its E&P customers. I look forward to building on that strength,” said John Durand. “Having worked with XRI as a customer, I know their extraordinary capabilities and commitment to their customers’ water management requirements very well. I’m thrilled to be joining an organization with such a unique water infrastructure footprint, a rich culture of solutions-oriented technical water expertise, and an outstanding track record of success.”
Mr. Durand earned a B.S. degree in Petroleum Land Management from the University of Louisiana and an M.B.A. from the University of Dallas. Mr. Durand serves on the Board of Directors of the Texas Alliance of Energy Producers and is Chair of its Water Committee. He also sits on the Board of Directors of the Produced Water Society and serves on its Technical Committee. In addition, Mr. Durand is a member of the Editorial Advisory Board of Shale Play Water Management Magazine.
Headquartered in Midland, Texas, XRI is a leading full-cycle water management and water midstream company with integrated waterrelated infrastructure assets strategically located throughout the Permian Basin. XRI has over 300 miles of permanent, buried midstream infrastructure and is engaged in the sourcing, production, transportation, storage, and sale of water for use in the exploration & production industry. In addition, XRI provides water flowback and recycling services. XRI is dedicated to bringing deep technical expertise and industry leading service to provide cost-effective, reliable and environmentally responsible water solutions to our customers throughout the Permian Basin. XRI is a portfolio company of Morgan Stanley Energy Partners. For further information about XRI, please visit www.xriblue.com.
About Morgan Stanley Energy Partners
Morgan Stanley Energy Partners, the energy-focused private equity business of Morgan Stanley Investment Management, is a leading energy private equity platform that makes privately negotiated equity and equity-related investments in energy companies located primarily in North America. Morgan Stanley Energy Partners pursues a differentiated investment strategy, focused on the buyout and build-up of strategically attractive, established energy businesses across the energy value chain in partnership with worldclass management teams. For further information about Morgan Stanley Energy Partners, please visit www. morganstanley.com.