Emco Oilfield Services, a portfolio company of NextMart, has acquired New Mexico water rights to expand its water capacity for its water stations in the Permian Basin.

Emco serves over sixty clients, including major oil companies such as XTOChevron and EOG.

William Bouyea, CEO of Emco, said, “With oil is at its highest price per barrel in well over a decade domestically, increased production is a natural occurrence. EMCO is just trying to be proactive and work in the best interests of our client base who will use more water as they attempt to grow their production levels by drilling more wells in these unprecedented times in the energy market.”