Goodnight Midstream

What Goodnight Midstream does

Goodnight Midstream is a private Dallas-based produced water midstream operator founded in 2011 that builds, owns, and operates gathering and disposal infrastructure serving oil and gas producers across the Permian, Bakken, and Eagle Ford shale plays. The company offers a full-cycle produced water management platform including over 690 miles of gathering and transmission pipelines, salt water disposal (SWD) injection facilities, reuse and redelivery services, 24/7 truck receipt facilities, and proactive volume planning services. Goodnight positions itself as a dedicated fluids management partner for upstream operators, replacing truck-based water logistics with high-volume pipeline networks that lower carbon intensity and improve environmental compliance.

Operations are supported by a centralized control room, real-time tank level monitoring dashboards across 13 Bakken SWD facilities and 3 Eagle Ford SWD facilities, advanced low-light video surveillance, and an enterprise analytics platform built on Palantir Foundry that unifies operational, financial, commercial, and enterprise data into a single decision-making layer for AI-assisted anomaly detection, process automation, and capacity optimization. Go-to-market is sales-led enterprise field sales targeting exploration and production companies directly through long-term contracts.

The business model is primarily usage-based, charging per-barrel/throughput fees on pipeline gathering, disposal, and truck receipt volumes, supplemented by recurring capacity commitments through volume planning services. Goodnight is privately held with Tailwater Capital as the primary institutional investor holding board representation; the Marsh family office is a founding investor and Reynolds Capital Partners also has board representation. The company has raised at least $185M across disclosed funding events between 2016 and 2019, including an $80M equity round led by Tailwater Capital in August 2016, a $105M credit facility in December 2016 led by ABN AMRO Fund alongside Cadence Bank, East West Bank, and Texas Capital Bank, and a follow-on from Tailwater in October 2019.

Name

Goodnight Midstream

Legal name

Goodnight Midstream

Website

https://goodnightmidstream.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Goodnight Midstream is a private Dallas-based produced water midstream operator that builds and operates 690+ miles of pipeline and a network of salt water disposal facilities serving oil and gas producers across the Permian, Bakken, and Eagle Ford shales.

Ownership category

akta.pro rank

Product category

Produced Water Midstream Services

NAICS

Pipeline Transportation of Crude Oil (486110)

SIC

Pipe Lines (No Natural Gas) (4610), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Produced Water Gathering & Disposal Pipelines (TLAGAJAD)

akta.pro secondary industries

Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection) (EUALADAK), Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)

Keywords

• Produced water management
• Salt water disposal
• Oilfield water pipelines
• Water gathering midstream
• Produced water logistics

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Produced Water Management Services: Full-cycle produced water infrastructure services including pipeline gathering, disposal, and reuse/redelivery. Revenue is generated through fees for water handling capacity and throughput volumes across their network of facilities.
2. Truck Receipt Facilities: 24/7 professional offloading services at their facilities, providing revenue from truck-based water receipt operations.
3. Volume Planning and Scaling Services: Proactive volume planning services ensuring redundant networks are ready to scale alongside producer growth, providing capacity-based revenue opportunities.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Goodnight Midstream builds, operates, and maintains high-performance produced water infrastructure for the oil and gas industry, providing full-cycle water handling services including gathering and transmission pipelines, salt water disposal (SWD) injection facilities, reuse and redelivery, and 24/7 truck receipt operations. Services are delivered across the Permian, Bakken, and Eagle Ford shale basins to oil and gas producers under long-term contracts.

Product overview

Goodnight Midstream operates a unified full-cycle produced water management platform across three major U.S. shale basins: Permian, Bakken, and Eagle Ford. The core product portfolio consists of pipeline infrastructure (over 690 miles of gathering and transmission pipelines), disposal injection facilities, reuse and redelivery services, volume planning, and truck receipt facilities. Supporting this infrastructure is a real-time monitoring platform with tank level pages for Bakken (13 SWD facilities) and Eagle Ford (3 SWD facilities). The company leverages Palantir Foundry internally as its enterprise analytics and AI platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Pipeline

Quantifiable outcome

• Significant reduction in carbon emissions through pipeline networks replacing truck logistics
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• PalantircoreTechnology or IntegrationPalantir Foundry serves as Goodnight Midstream's enterprise analytics and AI platform, built and operated by their internal team. The platform connects operational, financial, commercial, and enterprise data into a single decision-making layer, enabling AI-driven trend analysis, anomaly detection, and risk identification.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Aris Water Solutions: Aris Water Solutions is the closest direct peer — a Permian-focused produced water midstream operator with gathering pipelines, disposal wells, and recycling capacity serving E&P customers. Its public-market profile provides a direct comparable for Goodnight's business model and asset base.
• Select Water Solutions: Select Water Solutions provides produced water handling, recycling, and chemistries to oil and gas producers across major US basins. It competes with Goodnight in SWD and produced water gathering services with similar full-cycle offerings.
• Solaris Water Midstream: Solaris Water Midstream is a produced water midstream company operating pipelines and SWD facilities in the Permian Basin. It directly competes with Goodnight on gathering, disposal, and reuse services to Permian producers.
• Stakeholder Midstream: Stakeholder Midstream operates produced water gathering and disposal infrastructure in the Permian and other basins. It is a comparable private produced water midstream operator with similar basin-level services.

Broad incumbents

• NGL Energy Partners: NGL Energy Partners operates a produced water services segment alongside its broader water, NGL, and refined product logistics businesses. While much larger and more diversified, its produced water operations compete directly with Goodnight in SWD and gathering services.
• EnLink Midstream: EnLink Midstream is a large-scale, diversified midstream operator with natural gas, NGL, and crude oil infrastructure across major US basins. CEO Grant Adams previously served as in-house counsel at EnLink, and EnLink's broader midstream platform overlaps with Goodnight's gathering and disposal services in some basins.
• Blue Racer Midstream: Blue Racer Midstream is a diversified natural gas and NGL midstream operator in the Utica and Marcellus shales. Goodnight's CFO Kyle Irons and CSO Austin Anderson previously held Co-President/CFO and Co-President/COO roles at Blue Racer, making it a comparable incumbent from a talent-flow perspective.
• Targa Resources: Targa Resources is a large publicly traded midstream operator with significant natural gas and NGL infrastructure. While not a direct competitor in produced water, Targa's scale, capital access, and potential interest in produced water midstream make it a relevant broader incumbent.

Emerging players

• Artesia Water Logistics: Artesia Water Logistics operates produced water gathering and disposal assets in the Permian. As a smaller, basin-focused operator, it overlaps with Goodnight's core gathering and SWD services but is still building scale relative to Goodnight's multi-basin platform.

Others

• Layne Christensen (Granite Construction water assets): Layne Christensen's water infrastructure assets and adjacent service providers supply water-related infrastructure to industrial and energy customers. While not a direct competitor, they represent adjacent infrastructure providers whose capabilities and capital deployment decisions affect the produced water services competitive landscape.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/goodnightmidstream

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Goodnight Midstream