Water Treatment | Deals - Acquisition, Mergers, Divestitures | Water Managment & Disposal
Permian E&P Scraps Plan to Sell Oilfield Water Assets
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Parsley Energy has been talking for the last 12 months about selling it water midstream assets. During its most recent call (yesterday) the company provided an update.
"Over the past few months, our team performed its due diligence on a potential minority sale to a financial partner and ultimately decided not to reach a conclusion during the exclusivity period. As we have long stated, a deal must check every box for us to pursue.
"Concluding that effort, our water team's focus is on integrating Jagged Peak's complementary infrastructure aligning reporting measures and driving further improvements in capital efficiency. We will continue to evaluate opportunistic value-enhancing transactions for this strategic asset over time, but the key word is opportunistic.
"Right now, we are focused…
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