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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

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Gravity Acquires Bakken Water Services Provider McKenzie

Gravity Oilfield Services Inc. McKenzie Energy Partners LLC
AnnouncedJun 21, 2019
TypeCorporate
LocationBakken Shale & Three Forks
Announced Date
June 21,2019
Transaction Type
Corporate




Snapshot
Location
Region
Williston Basin

Country
United States

State
North Dakota

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Transaction Details:  Require Private Equity Subscription

Gravity Oilfield Services Inc. has acquired McKenzie Energy Partners, LLC.

McKenzie provides contracted midstream based water management solutions for operators in the Bakken through a network of produced water gathering pipelines and water disposal wells situated on core acreage dedications.

Financial terms of the transaction were not disclosed.

Gravity is backed by PE firm Clearlake Capital Group.

José E. Feliciano, Co-Founder and Managing Partner of Clearlake, and Colin Leonard, Partner of Clearlake, commented: "We are excited about this important transaction and the strategic fit…



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