Legal Proceedings
+Added: Solaris Water Midstream, LLC (“Solaris”) and certain affiliates are named defendants in Cause No.
+Added: 23-05-1085, Stateline Operating, LLC and Stateline Royalties, LP vs.
+Added: Devon Energy Corporation, Stateline Water, LLC, Devon Energy Production Company, LP, Solaris Water Midstream, LLC, Solaris Midstream DB-TX LLC, and Aris Water Solutions, Inc.
+Added: , in the 143rd District Court, Loving County, Texas, which was filed on May 4, 2023.
+Added: In this action, Plaintiffs sue Defendants for, among other things, negligence, waste, trespass, and nuisance based on Plaintiffs’ allegations that Defendants’ operations have harmed Plaintiffs’ oil and gas lease through the injection of disposed saltwater.
+Added: Defendants dispute Plaintiffs’ claims of liability and damages in this matter.
+Added: Trial is currently scheduled for June 1, 2026.
We have elected to use a $1.0 million threshold for disclosing certain proceedings arising under federal, state, or local environmental laws when a government authority is a party and potential monetary sanctions are involved.
We believe proceedings under this threshold are not material to our business and financial proceedings.
−Removed: We are not a party to any legal, regulatory, or administrative proceedings other than proceedings arising in the ordinary course of business.
+Added: Other than the items listed herein, we are not a party to any legal, regulatory, or administrative proceedings other than proceedings arising in the ordinary course of business.
Management believes that there are no such proceedings for which a final disposition could have a material adverse effect on results of operations, cash flows, or financial condition, or for which disclosure is otherwise required by Item 103 of Regulation S - K.
−Removed: Security holders and potential investors in our securities should carefully consider the risk factors set forth under Part I, Item 1A in our Form 10 - K for the year ended December 31, 2024, together with all of the other information included in this document, and in our other public filings, press releases, and public discussions with management.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.