Organization and Background of Business

3 Months Ended

Mar. 31, 2017

Organization and Background of Business

Organization and Background of Business

1.    Organization and Background of Business

Solaris Oilfield Infrastructure, LLC (“Solaris LLC” or the “Company”), was formed in July 2014.

Solaris LLC, based in Houston, Texas, manufactures and provides patented proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The systems are designed to address the challenges associated with transferring large quantities of proppant to the well site, including the cost and management of last mile logistics.

Solaris LLC has deployed its systems in many of the most active oil and natural gas basins in the U.S., including the Permian Basin, the Eagle Ford Shale and the SCOOP/STACK Formation.

In connection with Solaris Oilfield Infrastructure, Inc.’s (“Solaris”) initial public offering (the “IPO” or the “Offering”) in May 2017, Solaris became a holding company whose sole material asset consists of units in Solaris LLC (“Solaris LLC Units”). Solaris became the managing member of Solaris LLC and is responsible for all operational, management and administrative decisions relating to Solaris LLC’s business and will consolidate the financial results of Solaris LLC and its subsidiaries.