Chico Coffman Tank Trucks, Inc. Acquired by Frontier Oilfield Services, Inc.
Chico Coffman Tank Trucks, Inc. operates as a salt water disposal company. It engages in the transportation and disposal of salt water and other oil field fluids in Texas and Oklahoma. Its primary base of operations is North Texas with its trade and service area being in the Barnett Shale oil and gas fields located in North Central Texas.
Frontier Oilfield Services, Inc. is a Dallas, Texas-based company specializing in wastewater recovery and disposal it selected due to the recurring nature of the revenues, the relatively high margins and the strong barriers to entry by potential competitors because of the limited supply of state permitted commercial disposal wells. Additionally, as a result of breakthroughs in recent technology (the process by which shale oil and gas is extracted), exploration and production companies are faced with increasing volumes of, and thus challenges with regard to the disposal of, produced fluids and saltwater.