One-Page Deal Sheet
OWL Acquires Permian Saltwater Disposal Wells
Oilfield Water Logistics Gp Ii Energy Inc.
Announced Date
October 10,2014
Close Date
October 10,2014
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Oilfield Water Logistics (OWL), a Natural Gas Partners company, has acquired the saltwater disposal wells and producer contracts of GP II Energy, Inc.
The transaction adds three strategically located saltwater disposal wells and significant piped water volumes to OWL's assets. The three wells, Oasis SWD, Keystone SWD and Topeka SWD, expand OWL's footprint in the Permian Basin, establishing its presence in Winkler and Reeves counties and reinforcing its commitment to creating a reliable water infrastructure network.
OWL CEO Chris Cooper commented: "GP II was a strategic acquisition for us…
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