Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets
DEAL CANCELLED: PE-Backed Company Walks Away From $225 Million Water Deal
Centennial Resource Development's sale of saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas to a subsidiary of WaterBridge Resources LLC has been terminated.
This cancellation occurred after WaterBridge failed to close the transaction on or before 5:00 pm Mountain Time on May 15, 2020.
Pursuant to the terms of the purchase and sale agreement, Centennial believes it has a right to receive the $10 million purchase price deposit, which is currently held in escrow.
Recent Deals/Transactions
Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
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06/05/2025 | E&P | Vermillion Energy Exits US, Sells Power River Basin Asset |
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05/30/2025 | E&P | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion |
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05/13/2025 | E&P | TXO Partners Acquires White Rock Assets in the Elm Coulee Field |
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05/07/2025 | E&P | Permian Resources Bolt-On Assets From APA Corp |
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05/03/2025 | E&P | Riley Permian Acquires PE-Backed Silverback II For $142million |
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04/22/2025 | E&P | EQT Acquires Olympus Energy Assets For $1.8 Billion |
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10/29/2024 | E&P | EQT Sell Remaining NorthEast PA Gas Assets For $1.2 Billion |
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09/04/2024 | E&P | Crescent Energy Adds More Eagle Ford Acreage For $168 Million |
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08/20/2024 | E&P | Quantum Backed-Koda Resources, QB Energy Gets Caerus Oil Assets For $1.8 Billion |
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07/30/2024 | E&P | Permian Resources Acquires More Delaware Basin Property |
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