One-Page Deal Sheet
PDC Selling Water-Related Midstream Assets to WaterBridge
WaterBridge Resources LLC PDC Energy, Inc.
Announced Date
May 08,2019
Transaction Type
Asset
Location
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Culberson
Play
Transaction Details: Require Private Equity Subscription
In its Q1 2019 report, PDC Energy reported that it has signed an agreement to sell its water-related midstream assets, including infrastructure and long-term future gathering and disposal rights, to a subsidiary of WaterBridge Resources, LLC for total proceeds of $125 million.
WaterBridge is sponsored by PE firm Five Point Capital Partners.
The agreement provides PDC access to WaterBridge’s extensive water disposal network of more than one million barrels per day, and the ability to efficiently transport all water volumes via pipe. The agreement includes an AMI, contains no volume commitments…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-25-2022 |
-  |
- |
Click here | New Mexico | Midstream |
| Feb-26-2020 |
- |
- |
Click here | Texas | Midstream |
| Dec-20-2019 |
- |
- |
Click here | Texas | Midstream |
| Nov-15-2019 |
- |
- |
Click here | Texas | Midstream |
| Aug-01-2019 |
- |
- |
Click here | New Mexico | Midstream |