Houston-based Western Midstream Partners said last week it will acquire Aris Water Solutions in an equity and cash transaction valued at about $1.5 billion. Aris’ full-cycle water infrastructure assets include about 790 miles of produced water pipeline, 1.8 million b/d of produced water handling capacity,1.4 million b/d of water recycling capacity and 625,000 dedicated acres from other parties. Aris’ business complements Western’s existing produced water business that includes about 830 miles of pipeline, total disposal capacity of 2.035 million b/d and its Pathfinder pipeline project.
The integration of Aris assets extends Western’s footprint north into Eddy and Lea counties in New Mexico. Oscar Brown, president and CEO of Western, said Aug. 6, “Aris has a strong track record of growth and operational performance in the Delaware Basin. The combination of our assets creates a leading produced water gathering, disposal and recycling business that can meet the flow assurance needs of customers as they execute decades’ worth of drilling inventory.”
Leave a Reply