WaterBridge Resources LLC Acquires Southern Delaware Produced Water Assets of Concho Resources Inc. and Commences Long-Term Produced Water Handling Contract
Retrieved on:
Thursday, January 3, 2019
HOUSTON, Jan. 3, 2019 /PRNewswire/ --WaterBridge Resources LLC (together with its subsidiaries, "WaterBridge") announced today that it has entered into a long-term produced water management services agreement with and has acquired the produced water assets of COG Operating LLC, a subsidiary of Concho Resources Inc. ("Concho") in the southern Delaware basin.
Key Points:
- HOUSTON, Jan. 3, 2019 /PRNewswire/ --WaterBridge Resources LLC (together with its subsidiaries, "WaterBridge") announced today that it has entered into a long-term produced water management services agreement with and has acquired the produced water assets of COG Operating LLC, a subsidiary of Concho Resources Inc. ("Concho") in the southern Delaware basin.
- The acquired assets include three disposal wells with 45,000 bpd of permitted capacity and approximately 44 miles of pipeline.
- "We have been very fortunate to grow our relationship with Concho through the evolution of our company from Pelagic Water Systems and EnWater into WaterBridge," says Jason Long, Chief Commercial Officer of WaterBridge.
- WaterBridge Resources LLC is a portfolio company of Five Point Energy that develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of E&P companies.