WaterBridge Resources Acquires EnWater Solutions

WaterBridge Resources, LLC announced the acquisition of EnWater Solutions, LLC, a leading produced water gathering and disposal company in the southern Delaware Basin. 

WaterBridge plans to expand the existing gathering business into a full-cycle, closed-loop water infrastructure system that offers regional producers an integrated, all-in-one array of water supply and management solutions. 

WaterBridge Continues to Establish Itself as the Premier Water Midstream Provider in the Delaware Basin, with an Integrated Full-Cycle System

Located in Reeves County and Pecos County, Texas, EnWater's current assets include five saltwater disposal wells with over 100 miles of interconnected gathering pipeline and nearly 150,000 barrels per day of permitted disposal capacity.  By year-end 2018, WaterBridge expects to reach more than 300,000 barrels per day of total disposal capacity and 200 total miles of interconnected pipeline for gathering.

Steve Johnson, Founder & Chief Executive Officer of WaterBridge, said, "The acquisition of EnWater Solutions provides an ideal platform to further implement and execute our vision of becoming a full-service integrated water midstream company. 

The EnWater team has developed a first-class business, strategically positioned in the core of one of the most economic oil- and gas-producing regions in the United States.  Looking ahead, we see abundant opportunities to continue to serve and partner with strong local producers, as we endeavor to establish WaterBridge as the premier water midstream provider in the Delaware Basin." 

In addition to expanding the produced water gathering and disposal systems acquired through this transaction, WaterBridge is focused on providing production companies with a full suite of water midstream services. 

In particular, WaterBridge anticipates adding high-deliverability water supply, including recycled produced water, in response to market demand and in accordance with its customers' specifications.

David Capobianco, CEO and Managing Partner of Five Point Capital Partners, said, "WaterBridge's acquisition of EnWater perfectly aligns with Five Point's strategy to develop and invest in permanent infrastructure solutions to handle water needs of oil and gas operators.  Our partnership with the WaterBridge team has been a great success, and we are pleased to provide continued support as the team executes on exciting new opportunities in the Delaware Basin."

Image source: Water Bridge

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Taxonomy

• Technology
• Water Supply
• Business Strategy
• Water Management
• Infrastructure
• Mergers & Acquisition
• Supply Chain
• Integrated Water Resources Management (IWRM)