M&A Deal Summary

Gravity Oilfield Services Acquires Pyote Water Systems - Certain Water Disposal Assets

On June 3, 2019, Gravity Oilfield Services acquired utilities company Pyote Water Systems - Certain Water Disposal Assets

Acquisition Highlights
  • This is Gravity Oilfield Services’ 1st transaction in the Utilities sector.
  • This is Gravity Oilfield Services’ 5th transaction in the United States.
  • This is Gravity Oilfield Services’ 3rd transaction in Texas.

M&A Deal Summary

Date 2019-06-03
Target Pyote Water Systems - Certain Water Disposal Assets
Sector Utilities
Buyer(s) Gravity Oilfield Services
Deal Type Divestiture

Target

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.

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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 5 of 6
Sector (Utilities) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 3 of 4
Country (United States) 5 of 6
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 On Point Oilfield Holdings

Austin, Texas, United States

On Point Oilfield Holdings LLC is a contracted produced water midstream company focused on gathering and disposal operations in the Midland Basin.

Buy -