WaterBridge Resources acquires EnWater Solutions
With acquisition, WaterBridge plans to expand the existing produced water gathering business into a full-cycle, closed-loop water infrastructure system.
HOUSTON, AUG. 23, 2017 -- WaterBridge Resources, LLC has acquired 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.
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.
"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," Steve Johnson, Founder & Chief Executive Officer of WaterBridge, said via press release. "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.
About WaterBridge Resources, LLC
WaterBridge Resources is a midstream development company focused on developing, acquiring and operating large-scale water infrastructure for oil and gas producers, including water sourcing, gathering and distribution pipelines, treating, recycling, separation, and disposal infrastructure solutions. For more information, visit www.H2OBridge.com.