The Company sells wholesale water and wastewater services to Rangeview pursuant to the Rangeview Water Agreements (defined in Note 4 – Water and Land Assets in Part II, Item 8 of the 2016 Annual Report). Sales to Rangeview accounted for 75% and 78% of the Company’s total water and wastewater revenues for the three months ended May 31, 2017 and 2016, respectively. Sales to Rangeview accounted for 33% and 77% of the Company’s total water and wastewater revenues for the nine months ended May 31, 2017 and 2016, respectively. Rangeview has one significant customer. Pursuant to the Rangeview Water Agreements, the Company is providing water and wastewater services to this customer on behalf of Rangeview. Rangeview’s significant customer accounted for 59% and 63% of the Company’s total water and wastewater revenues for the three months ended May 31, 2017 and 2016, respectively. Rangeview’s significant customer accounted for 26% and 66% of the Company’s total water and wastewater revenues for the nine months ended May 31, 2017 and 2016, respectively.

Revenues related to the provision of water for the oil and gas industry to one customer accounted for 0% and 55% of the Company’s water and wastewater revenues for the three and nine months ended May 31, 2017, respectively. The Company had no revenues related to the provision of water for the oil and gas industry for the three or nine months ended May 31, 2016.

The Company had accounts receivable from Rangeview which accounted for 64% and 74% of the Company’s wholesale water and wastewater trade receivables balances at May 31, 2017 and August 31, 2016, respectively. Accounts receivable from Rangeview’s largest customer accounted for 57% and 63% of the Company’s water and wastewater trade receivables as of May 31, 2017 and August 31, 2016, respectively.