M&A Deal Summary

Stonehill Acquires Waterfield Midstream

On April 15, 2021, Stonehill acquired oil/gas exploration company Waterfield Midstream

Acquisition Highlights
  • This is Stonehill’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Stonehill’s 1st transaction in the United States.
  • This is Stonehill’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-04-15
Target Waterfield Midstream
Sector Oil/Gas Exploration
Buyer(s) Stonehill
Deal Type Add-on Acquisition

Target

Waterfield Midstream

Irving, Texas, United States
Waterfield Midstream provides midstream solutions for water management challenges in the Permian Basin. The company's team includes geologists, petroleum engineers, facilities engineers, commercial experts, and infrastructure operators. It has designed, built, and operated some of the most extensive water infrastructures in the oil and gas industry. Waterfield Midstream's upstream roots uniquely qualify to mitigate the subsurface challenges of water injection and production. The company's midstream experience enables to development of efficient and scalable infrastructure solutions. Waterfield Midstream is based in Irving, Texas.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Stonehill

Midland, Texas, United States

Category Company
Founded 2020
Sector Energy Services and Equipment
DESCRIPTION

Stonehill is an energy infrastructure company focused on designing, building, owning, and operating fixed water pipelines, recycling, and disposal assets. Stonehill also focuses on monetizing existing E&P-owned water infrastructure assets so E&P companies can re-deploy capital to core drilling and completion activities. Stonehill was founded in 2020 and is based in Midland, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1