Houston-based WaterBridge Holdings said Sept. 10 it acquired the produced water infrastructure acquired in June by Colgate Energy from Occidental Petroleum. WaterBridge also said it has a new 15-year produced water management agreement for Colgate’s operated acreage in Reeves and Ward counties. The acquired assets include 10 water-handling facilities, associated water midstream infrastructure (capacity 100,000 b/d), and about 50 miles of produced water pipelines. WaterBridge will manage the newly acquired infrastructure and integrate the assets into its southern Delaware Basin platform.
Jason Long, COO and co-CEO, said, “This transaction further enhances our ability to manage and distribute over two million barrels per day of produced and recycled water across our Permian platform.”
The company said it will now have more than 86,100 gross operated acres dedicated to WaterBridge in southern Delaware Basin. Its network now provides more than 2.1 million b/d of water handling, reuse and redelivery capacity through 959 miles of large diameter pipelines and 97 water handling facilities.