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Permian E&P Looking To Sell Water Infrastructure
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Centennial Resources disclosed today that it is looking to sell it Saltwater disposal system in Reeves County. Here is what Papa said "Given the scale of our operated saltwater disposal system in Reeves County, which is detailed on Slide 10, we are exploring a potential monetization, which if consummated would provide significant capital resources that can be utilized for debt repayment or various investment opportunities. A monetization of these assets will also eliminate the capital requirements of expanding and maintaining this system going forward."
Investor sentiment has changed and as a result the company will sell the asset.Pappa also said, "What I will say is that we've never mentioned the disposal of the SWD assets up to this point, although other companies have looked at and…
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