M&A Deal Summary |
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Date | 2018-12-20 |
Target | NGL Energy Partners - Water Infrastructure Assets |
Sector | Infrastructure |
Buyer(s) | WaterBridge |
Sellers(s) | NGL |
Deal Type | Divestiture |
Deal Value | 239M USD |
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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 (Delaware) | 1 of 1 |
Country (United States) | 3 of 5 |
Year (2018) | 2 of 2 |
Size (of disclosed) | 1 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-12-20 |
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. |
Buy | $200M |
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 | - |
Category | Company |
---|---|
Founded | 1940 |
Sector | Energy Services and Equipment |
Employees | 842 |
Revenue | 7.0B USD (2024) |
NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.
DEAL STATS | # |
---|---|
Overall | 4 of 4 |
Sector (Infrastructure) | 1 of 1 |
Type (Divestiture) | 3 of 3 |
State (Delaware) | 1 of 1 |
Country (United States) | 4 of 4 |
Year (2018) | 3 of 3 |
Size (of disclosed) | 3 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-11-12 |
NGL Energy Partners - Water Solutions Bakken
Tulsa, Oklahoma, United States NGL Energy Partners LP - Water Solutions Bakken operations include five saltwater disposal wells located in McKenzie and Dunn Counties, North Dakota. The Water Solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production and for the disposal of solids such as tank bottoms and drilling fluids and performs truck and frac tank washouts. In addition, the Water Solutions segment sells the recovered hydrocarbons that result from performing these services. |
Sell | $91M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-01-30 |
DCP Midstream - Gas Supply Resources
Denver, Colorado, United States DCP Midstream LLC - Gas Supply Resources consisting of seven natural gas liquids terminals in the Eastern United States |
Buy | - |