"Operators tell us all the time that they want to recycle 100% of their wastewater. But they either lack the ability to aggregate enough recycled water when they need it, or they are unable to distribute their water to others when they have too much," said Jason Jennaro, Chief Executive Officer of Breakwater. "We call our approach collaborative recycling. We're saving our customers money by integrating their entire water supply chains into a single multi-customer connection point which includes last mile recycled water distribution to the wellsite. Collaborative recycling is the right thing for customers from an ESG perspective, but it's also the right thing economically. Operators don't want to pay twice for the same water: once for completions and a second time for disposal."