One-Page Deal Sheet
Gravity Acquires Bakken Water Disposal Assets from MBI
Gravity Oilfield Services Inc. Mbi Oil Gas Llc
Announced Date
March 21,2019
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
North Dakota
Play
Transaction Details: Require Private Equity Subscription
Clearlake Capital-backed Gravity Oilfield Services Inc. has acquired certain water disposal infrastructure from MBI Oil & Gas, LLC.
Financial terms of the transaction were not disclosed.
The water assets acquired are located in the Bakken play.
Rob Rice, Chief Executive Officer of Gravity, said: "The strategic acquisition of the MBI facilities adds additional scale in the core of a premier oil and gas producing region of the country, while expanding support of our existing customer base and creating important new relationships. We are excited to leverage these new locations as we continue to…
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