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Waterbridge Announces Strategic Acquisition Of Produced Water Assets And Expanded Dedication With Colgate Energy In The Delaware Basin

PUBLIC · WBISep 11, 2021

Acquiring Company

WaterBridge Infrastructure

Acquired Company

Water Assets

HoustonEnergyOil And GasNatural ResourcesFinancial ServicesAgriculture And FarmingWater

Description

WaterBridge Holdings LLC (together with its subsidiaries, "WaterBridge") announced today that it has closed a transaction with Colgate Energy, LLC ("Colgate") to acquire the produced water infrastructure associated with Colgate's recent asset acquisition from Occidental. In connection with the acquisition, WaterBridge and Colgate have entered into a new 15-year produced water management agreement for all of Colgate's operated acreage within a significantly expanded Area of Mutual Interest in Reeves and Ward Counties, Texas.

Quick answer

WaterBridge Infrastructure is acquiring Water Assets, announced September 11, 2021. WaterBridge Infrastructure is based in Houston, Texas, United States.

How much did WaterBridge Infrastructure pay for Water Assets?
The deal value was not disclosed.
What does WaterBridge Infrastructure do?
NDB Midstream LLC and WaterBridge Operating LLC (collectively, “WaterBridge”) have executed long-term commercial agreements with BPX Production Company
Where are WaterBridge Infrastructure and Water Assets based?
WaterBridge Infrastructure is based in Houston, Texas, United States.

Source: Fundz verified event record.

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Company Information

Company

WaterBridge Infrastructure

Location

Houston, Texas, United States

About

NDB Midstream LLC and WaterBridge Operating LLC (collectively, “WaterBridge”) have executed long-term commercial agreements with BPX Production Company

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Frequently asked

Who acquired Water Assets?

Water Assets was acquired by WaterBridge Infrastructure, based in Houston. The deal was reported on September 11, 2021. NDB Midstream LLC and WaterBridge Operating LLC (collectively, “WaterBridge”) have executed long-term commercial agreements with BPX Production Company WaterBridge Infrastructure is publicly traded (WBI) and operates in Energy.

When did WaterBridge Infrastructure acquire Water Assets?

WaterBridge Infrastructure's acquisition of Water Assets was reported on September 11, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Water Assets do?

Water Assets is the company acquired in this transaction. It is privately held.

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