One-Page Deal Sheet
PE-backed Waterbridge Acquires NGL Energy Water Infrastructure System
WaterBridge Resources LLC NGL Energy Partners Lp
Announced Date
December 20,2018
Close Date
December 20,2018
Transaction Type
Asset
Location
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves ,Ward
Play
Transaction Details: Require Private Equity Subscription
NGL Energy Partners announced that it has signed a definitive agreement to sell its South Pecos Water Disposal Assets to WaterBridge Resources for $238.8 million in cash proceeds at closing plus additional consideration upon meeting certain criteria.
A summary of the transaction includes:
Nine saltwater disposal facilities plus additional disposal permits in southern Reeves and Ward counties to WaterBridgeThe purchase price at closing includes certain assets that consist of: nine existing saltwater disposal facilities; all disposal agreements, commercial, surface and other contracts…
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