M&A Deal Summary

WaterBridge Acquires Centennial Resource Development - Produced Water Assets

On February 25, 2020, WaterBridge acquired oil/gas exploration company Centennial Resource Development - Produced Water Assets from Permian Resources for 225M USD

Acquisition Highlights
  • This is WaterBridge’s 1st transaction in the Oil/Gas Exploration sector.
  • This is WaterBridge’s 2nd largest (disclosed) transaction.
  • This is WaterBridge’s 5th transaction in the United States.
  • This is WaterBridge’s 4th transaction in Texas.

M&A Deal Summary

Date 2020-02-25
Target Centennial Resource Development - Produced Water Assets
Sector Oil/Gas Exploration
Buyer(s) WaterBridge
Sellers(s) Permian Resources
Deal Type Divestiture
Deal Value 225M USD

Target

Centennial Resource Development - Produced Water Assets

Delaware Basin, Texas, United States
Centennial Resource Development LLC - Produced Water Assets consist of saltwater disposal wells and associated produced water infrastructure in Reeves County.

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Buyer(S) 1

Buyer

WaterBridge

Houston, Texas, United States

Category Company
Founded 2015
Sector Infrastructure
Revenue 662M USD (2024)
DESCRIPTION

WaterBridge develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of its blue-chip customer base under long-term, fee-based contracts. WaterBridge was founded in 2015 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 5
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: Texas M&A 4 of 4
Country: United States M&A 5 of 5
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Concho Resources - Produced Water Assets

Midland, Texas, United States

Concho Resources, Inc. - Produced Water Assets include three disposal wells with 45,000 bpd of permitted capacity and approximately 44 miles of pipeline.

Buy -

Seller(S) 1

SELLER

Permian Resources

Midland, Texas, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
Employees482
Revenue 5.0B USD (2024)
DESCRIPTION

Permian Resources is an independent oil and natural gas company focused on driving sustainable returns through the responsible acquisition, optimization and development of high-return oil and natural gas properties. Permian Resources was founded in 2015 and is based in Midland, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Texas M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Silverback Exploration

San Antonio, Texas, United States

Silverback Exploration is an independent oil and gas exploration company focused on pursuing and developing primarily unconventional resource play opportunities in the United States.

Buy $855M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Earthstone Energy

The Woodlands, Texas, United States

Earthstone Energy is a growth-oriented independent oil and gas exploration and production company engaged in developing and acquiring oil and gas reserves through an active and diversified program that includes acquiring, drilling and developing undeveloped leases, asset and corporate acquisitions and exploration activities, with its primary assets located in the Eagle Ford trend of south Texas, the Midland Basin of west Texas, and the Williston Basin of North Dakota. Earthstone Energy was founded in 1969 and is based in The Woodlands, Texas.

Buy $4.5B