M&A Deal Summary

WaterBridge Acquires Halcón Resources - Water Infrastructure Assets

On December 20, 2018, WaterBridge acquired infrastructure company Halcón Resources - Water Infrastructure Assets for 200M USD

Acquisition Highlights
  • This is WaterBridge’s 2nd transaction in the Infrastructure sector.
  • This is WaterBridge’s 3rd largest (disclosed) transaction.
  • This is WaterBridge’s 3rd transaction in the United States.
  • This is WaterBridge’s 2nd transaction in Texas.

M&A Deal Summary
Date 2018-12-20
Target Halcón Resources - Water Infrastructure Assets
Sector Infrastructure
Buyer(s) WaterBridge
Deal Type Divestiture
Deal Value 200M USD

Target

Halcón Resources - Water Infrastructure Assets

Houston, Texas, United States
Halcón Resources Corp. - Water Infrastructure Assets includes ~60 miles of water gathering pipelines, 75,000 gross acre position, and any additional acreage within a ~ 209,000-acre area of mutual interest ("AMI") in Pecos, Reeves, Ward, and Winkler counties, Texas.

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Buyer(S) 1

Buyer

WaterBridge

Houston, Texas, United States
Category Company
Sector Infrastructure
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 is based in Houston, Texas.

DEAL STATS #
Overall 3 of 5
Sector (Infrastructure) 2 of 2
Type (Divestiture) 2 of 4
State (Texas) 2 of 4
Country (United States) 3 of 5
Year (2018) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 NGL Energy Partners - Water Infrastructure Assets

Delaware, United States

NGL Energy Partners LP - Water Infrastructure Assets includes ~10 miles of pipeline in southern Reeves and Ward counties.

Buy $239M
FOLLOWING 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 -
Mergr

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