Houston-based H2O Midstream and private equity firm EIV Capital said recently they agreed for H2O Midstream to be acquired by Delek Logistics Partners. H2O Midstream provides gathering, transportation, recycling, storage and disposal solutions for produced water in Howard County. EIV Capital and H2O Midstream partnered in 2016 to pursue produced water midstream opportunities in Permian Basin with a field office in Big Spring.
Jim Summers, co-founder and CEO of H2O Midstream, said Aug. 6, “The acquisition of H2O Midstream by Delek Logistics creates a fully integrated multi-commodity midstream platform in the Midland Basin and represents the realization of our vision that produced water can be managed as a true midstream business.”