Waterbridge Announces Strategic Acquisition Of Produced Water Assets And Expanded Dedication With Colgate Energy In The Delaware Basin
Acquiring Company
WaterBridge Infrastructure
Acquired Company
Water Assets
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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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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