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

Sep 11, 2021•about 4 years ago

Acquiring Company

WaterBridge Holdings

Acquired Company

Water Assets

Natural ResourcesAgriculture And FarmingFinancial Services

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.

Company Information

Company

WaterBridge Holdings

About

WaterBridge, a portfolio company of Five Point Energy, is the largest pure play water solutions provider in the industry. Headquartered in Houston, Texas, WaterBridge operates in the Delaware Basin in west Texas and the Arkoma Basin in southeast Oklahoma. WaterBridge develops, owns and operates permanent, integrated water infrastructure networks that handle full-cycle water requirements of its blue-chip customer base under long-term, fee-based contracts. WaterBridge benefits from a first-mover advantage in the emerging water midstream sector with the most experienced management team in the industry. For further information, please visit www.h2obridge.com.

M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed