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Related Party Transactions | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions |
Related Party Transactions | 1 6.Related Party Transactions Solaris Energy Management, LLC We have an administrative services arrangement with SEM, a company owned by William A. Zartler, our Founder and Executive Chairman, for the provision of administrative services at cost. In addition, SEM provides office space and services for equipment and supplies to us under the administrative services agreement. For the years ended December 31, 2024, 2023 and 2022, we incurred $0.1 million, $0.7 million and $0.6 million, respectively, of expense for these services, which is included in “General and Administrative” expenses on the consolidated statements of operations. We had no accrued payables to SEM as of December 31, 2024 and 2023. As of December 31, 2024 and 2023, we had prepaid balances to SEM of $0.2 million to cover future rent and other expenses. Solaris Energy Capital, LLC There are certain de minimis general and administrative expenses that are paid on our behalf by Solaris Energy Capital, LLC, a company owned by William A. Zartler, and are recorded in “General and Administrative” expenses. We had no accrued payables to Solaris Energy Capital, LLC as of December 31, 2024 and 2023. Solaris Energy Infrastructure, Inc. There are general and administrative expenses that are paid on our behalf by Solaris Energy Infrastructure, Inc, previously “Solaris Oilfield Infrastructure, Inc.”, a company owned by William A. Zartler, and are recorded in “General and Administrative” expenses on the consolidated statements of operations. For the year ended December 31, 2024, we incurred $0.2 million of expense for these services, and the expense for the years ended December 31, 2023 and 2022 was de minimis. We had $0.1 million of accrued payables to Solaris Energy Infrastructure, Inc. as of December 31, 2024 and no accrued payables as of December 31, 2023 Blanco Aviation, LLC We are a party to an aircraft “dry” lease arrangement with Blanco Air Services, LLC, a company owned by William A. Zartler, for the use of certain aircrafts billed at an hourly rate. We incurred expense of approximately $0.1 million for each of the years ended December 31, 2024, 2023 and 2022, which is recorded in “General and Administrative” expenses. We had a de minimis accrued payables balance to Blanco Aviation, LLC as of December 31, 2024 and no accrued payables as of 2023. Vision Resources, Inc. We purchase brackish water for use in our Water Solutions activities from Vision Resources, Inc (“Vision”). Vision is a Legacy Owner of Solaris LLC. For the years ended December 31, 2024, 2023 and 2022, we made purchases of $1.2 million, $2.0 million and $1.4 million, respectively, for water and services. Accrued payables to Vision as of December 31, 2024 and 2023 were $0.2 million and $0.1 million, respectively. We also rent office space from an affiliate of Vision in Carlsbad, New Mexico and have incurred rent expense of $0.2 million for each of the years ended December 31, 2024, 2023 and 2022. ConocoPhillips We and ConocoPhillips, one of our principal owners, have a long-term water gathering and handling agreement, pursuant to which ConocoPhillips dedicates all the produced water generated from its current and future acreage in a defined area of mutual interest in New Mexico and Texas. As of December 31, 2024 and 2023, we had a receivable of $12.0 million and $23.0 million, respectively, from ConocoPhillips that was recorded in “Accounts Receivable from Affiliate” on the consolidated balance sheet. As of December 31, 2024 and 2023, we had a payable of $0.7 million and $0.9 million, respectively, to ConocoPhillips that was recorded in “Payables to Affiliate” on the consolidated balance sheet. The following table shows revenue and expenses from ConocoPhillips: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Year Ended December 31,
​ |  | 2024 |  | 2023 |  | 2022
Revenue from ConocoPhillips | ​ | $ | 137,320 | ​ | $ | 127,933 | ​ | $ | 108,263
Operating Expenses Reimbursed to ConocoPhillips | ​ | $ | 776 | ​ | $ | (1,223) | ​ | $ | 1,447
​ Operating expenses reimbursed to ConocoPhillips are related to ConocoPhillips’ costs for operating certain assets on our behalf between closing and the transfer of the acquired assets and other ongoing operating expenses.

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