Dallas-based Texas Pacific Land Corp. and Houston-based WaterBridge said recently they established an alliance focused on sustainable oil and gas development on 64,000 acres in Loving and Reeves counties in Delaware Basin. The agreement enables TPL and WaterBridge to provide fullcycle water solutions to customers in a defined region in the Stateline area by facilitating infrastructure and water services development and asset optimization. The alliance will promote water reuse and recycling and help address seismic activity in the area. TPL will deliver its source water capabilities, and WaterBridge will expand its produced water management and infrastructure operations.
Tyler Glover, CEO for Texas Pacific Land, said Sept. 9, “This agreement will expand the scale and efficiency of TPL’s water business while also supporting oil and gas development across our royalty acreage. This will further optimize water disposal well spacing.” Jason Long, CEO of WaterBridge, added, “This alliance covers a region of the Delaware Basin that offers some of the most attractive drilling opportunities in North America and that has to date been largely underutilized for large scale development.”
TPL is one of the largest landowners in Texas with about 880,000 acres of land in west Texas – a majority in Permian Basin. WaterBridge is the largest pure play water solutions provider in the industry.
