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M&A Deal Summary

Gravity Oilfield Services Acquires MBI Oil & Gas - Bakken Disposal Infrastructure

On March 21, 2019, Gravity Oilfield Services acquired infrastructure company MBI Oil & Gas - Bakken Disposal Infrastructure from MBI Oil & Gas

Acquisition Highlights
  • This is Gravity Oilfield Services’ 1st transaction in the Infrastructure sector.
  • This is Gravity Oilfield Services’ 4th transaction in the United States.
  • This is Gravity Oilfield Services’ 2nd transaction in North Dakota.

M&A Deal Summary
Date 2019-03-21
Target MBI Oil & Gas - Bakken Disposal Infrastructure
Sector Infrastructure
Buyer(s) Gravity Oilfield Services
Sellers(s) MBI Oil & Gas
Deal Type Divestiture

Target

MBI Oil & Gas - Bakken Disposal Infrastructure

Belfield, North Dakota, United States
MBI Oil & Gas LLC - Bakken Disposal Infrastructure is a provider of water disposal infrastructure services.

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Buyer(S) 1

Buyer

Gravity Oilfield Services

Houston, Texas, United States
Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Gravity Oilfield Services is a provider of critical oilfield services including water logistics and infrastructure solutions, comprehensive remote power offerings, and wellbore services to upstream oil and natural gas companies operating throughout the United States. Gravity Oilfield Services was formed in 2017 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 4 of 6
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 2
State (North Dakota) 2 of 2
Country (United States) 4 of 6
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 McKenzie Energy Partners

Watford City, North Dakota, United States

McKenzie Energy Partners LLC provides reliable, contracted midstream based water management solutions for some of the most active operators in the Bakken through a network of produced water gathering pipelines and water disposal wells situated on core acreage dedications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Pyote Water Systems - Certain Water Disposal Assets

Texas, United States

Pyote Water Systems LLC's Certain Water Disposal Assets engage in the business of owning and operating saltwater disposal facilities, freshwater stations, brine stations, and any other facilities.

Buy -

Seller(S) 1

SELLER

MBI Oil & Gas

Belfield, North Dakota, United States
Category Company
Founded 2008
Sector Oil/Gas Exploration
DESCRIPTION

MBI Oil & Gas LLC is a provider of an oil and gas exploration services. MBI Oil & Gas was founded in 2008 and is based in Belfield, North Dakota.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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