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 Centennial Resource Development 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) Centennial Resource Development
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
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 5 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 4 of 4
State (Texas) 4 of 4
Country (United States) 5 of 5
Year (2020) 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

Centennial Resource Development

Delaware Basin, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Centennial Resource Development LLC is an exploration and production company focused on the acquisition and development of oil and liquids-rich natural gas resources in the Permian Delaware Basin, West Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
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