M&A Deal Summary

H2O Midstream Acquires Sabalo Energy - Produced Water Assets

On August 21, 2019, H2O Midstream acquired environmental company Sabalo Energy - Produced Water Assets from Sabalo Energy

Acquisition Highlights
  • This is H2O Midstream’s 1st transaction in the Environmental sector.
  • This is H2O Midstream’s 2nd transaction in the United States.
  • This is H2O Midstream’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-08-21
Target Sabalo Energy - Produced Water Assets
Sector Environmental
Buyer(s) H2O Midstream
Sellers(s) Sabalo Energy
Deal Type Divestiture

Target

Sabalo Energy - Produced Water Assets

Corpus Christi, Texas, United States
Sabalo Energy LLC's Produced Water Assets provides produced water gathering, disposal and recycling services. Produced Water Assets is based in Corpus Christi, Texas.

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Buyer(S) 1

Buyer

H2O Midstream

Houston, Texas, United States

Category Company
Founded 2016
Sector Business Services
DESCRIPTION

H2O Midstream is a provider of water midstream assets, which committed to reducing the cost of water for producers and improving environmental and safety conditions through the use of permanent infrastructure and interconnected gathering, disposal, storage, and re-use facilities. H2O Midstream was founded in 2016 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Environmental) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-15 Encana Oil & Gas - Water Infrastructure Assets

Denver, Colorado, United States

Encana Oil & Gas (USA), Inc. - Water Infrastructure Assets is a provider of an Infrastructure assets.

Buy -

Seller(S) 1

SELLER

Sabalo Energy

Corpus Christi, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Sabalo Energy is an independent oil and gas company focused on the exploration and exploitation of oil and gas properties in various onshore U.S. basins. Sabalo Energy is based in Corpus Christi, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1