Deals - On The Market | Water | Water Managment & Disposal
Continental Mulling Sale of Water Infrastructure Assets
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Continental Resources is considering selling off its stake in a non-controlled water infrastructure business, according to a report by Bloomberg.
The company's water assets currently operate in both the Anadarko and Williston basins. Continental estimates that a sale of the asset could fetch up to $1.0 billion.
This wouldn't be the first water-related deal for Continental - back in July 2019, the company sold a part of its STACK water infrastructure to Lagoon Water Solutions for $85MM.
Numerous companies have been buying / selling water infrastructure assets in 2019 - click here to access all the water-related deals for the year.
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