WaterBridge | Turning Your Investment in Water Infrastructure into a Cost-Effective Funding Source for Your Core Operations

About WaterBridge

WaterBridge Resources LLC was founded as a collaborative endeavor comprised of established industry professionals with solid reputations, and demonstrated track records in leading best-in-class production service businesses—as well as in delivering high-quality service to major clients in basins across the United States.

Our mission is to create long-term value by acquiring, operating, and monetizing non-core salt water disposal (SWD) infrastructure from exploration and production (E&P) companies—turning their capital expenditure (“Capex”) into an operating expense (“Opex”).

At WaterBridge we’re focused on you and your fluid-handling challenges, not just for drilling but for production as well. We’re committed to partnering with you to apply the right SWD technology and procedures to reduce costs, increase efficiency, and maximize return on investment (ROI).

Business Overview

As produced and flowback water services are our core business, the WaterBridge model facilitates efficient operations and proper compliance with regulations—ensuring available, convenient, cost-effective disposal capacity while you get back to drilling. WaterBridge is pursuing greenfield and brownfield acquisition opportunities in emerging resource plays and other conventional producing basins.

1.

WaterBridge is eagerly supporting America’s expanding E&P activity—15% to 30% of the costs of which are associated with water issues, a significant investment in an underutilized non-core asset—by transforming handling and disposal of the average seven barrels of water for each barrel of oil from a Capex to an Opex.

2.

Our executive team’s SWD process knowledge offers advantages throughout acquisition and management—and has been built through approximately 200 years of combined background working with leading energy companies in the field, while creating stakeholder relationships based on hard work, trust, ethical behavior and equitable dealings.

3.

The comprehensiveness of our team’s experience allows WaterBridge to bring together the diverse facets of SWD operations, including infrastructure, pipeline, process equipment, treatment, storage, pumping, and injection—infusing added value within each step to provide an efficient funding source in this challenging market.

4.

WaterBridge desires to purchase existing brownfield SWD assets and operate them for your benefit, enabling you to monetize those assets and redeploy the capital for a better and higher-return use for the full life of your assets.

5.

WaterBridge’s system provides for safe, efficient injection of wastewater back into the ground from which it came, while also honoring both statutory requirements and environmental responsibility—in part by seizing an opportunity to get trucks off the road.

Team

Guided by an executive team with nearly two centuries of collective experience in oil & gas, water resources, and associated specialized fields, WaterBridge is well equipped to maximize the cost-efficiency of your SWD infrastructure and operations.

Stephen Johnson

CEO

Mr. Johnson currently serves on the board of Plum Energy and holds a bachelor’s in mechanical engineering with a minor in ocean engineering from Florida Atlantic University. He has completed the AMP program at the Jones Business School at Rice University. As president and COO of Nabors Well Services, he managed an organization of 3,500 professionals and a field organization in 15 states and Canada with an annual revenue approaching $1B. The company operated 29 SWD wells in Texas, New Mexico, Oklahoma, and North Dakota, along with an accompanying fleet of 1,500 water and condensate hauling trucks and 5,000 frack tanks to support its fluids management business. Mr. Johnson was also cofounder of Stonegate Production Company, one of the first entrants into the Eagle Ford oil play in South Texas.

Andy Stephens

CFO

Mr. Stephens has spent some three decades in global finance, most recently serving as VP of finance for Nabors Completion and Production Services, a $2.5B subsidiary of Nabors Industries. Prior to Nabors, Mr. Stephens worked as the global VP of finance at Tetra Technologies, which followed a 17-year international career with Halliburton Company. Mr. Stephens is widely traveled, having lived and worked on six continents while establishing a stellar worldwide track record of delivering solid financial results. Mr. Stephens holds a bachelor’s of business administration from the University of Texas at Dallas, and a master’s in business administration from Duke University.

John Durand

President & COO

Mr. Durand has more than three decades of industry expertise, having held executive leadership positions across multiple disciplines, spanning upstream oil and gas, midstream services, commodity marketing and power generation. Prior to joining WaterBridge, he served on the Management Team of Pioneer Water Management LLC, a wholly-owned subsidiary of Pioneer Natural Resources, one of the largest independent producers in the Permian Basin. In that role, Mr. Durand oversaw the commercial, logistics and supply sourcing functions for the largest midstream water operation in North America and served as the commercial lead in negotiating landmark agreements with the cities of Odessa and Midland to purchase municipal effluent water for Pioneer’s long-term development requirements.

Tony Fox

VP Business Development

Mr. Fox has invested more than four decades in the petroleum industry, and been at the forefront of development and commercialization for water-cleaning technologies focused on the reuse of produced and flowback water for fracking operations. He’s been involved in these innovations from planning to execution in numerous producing plays, including the Permian, Eagle Ford, Marcellus, Barnett, and Haynesville areas. Mr. Fox has served in technical staff positions as well as management capacities with both strategic and P&L responsibility. He holds a bachelor’s of science degree in business administration from Southeastern Oklahoma State University.

Trip Ellison

VP Engineering

Mr. Ellison has nearly 40 years of experience in drilling, production, and water disposal. He spent half of that with Nabors Industries, most recently as their VP of technical services and chief engineer for production services. In this role Mr. Ellison was responsible for all permitting, environmental, design, installation, and maintenance of saltwater disposal and brine production wells. Before joining Nabors, he worked 12 years as a drilling and production engineer with H&P, Getty & Tenneco. He holds a bachelor’s degree in mechanical engineering from the University of Southern California.

Bill Godsey

VP Geoscience

Mr. Godsey’s 30+ years of experience in the water resources industry most recently features service as president and owner of Geo Logic Environmental Services, one of the premier consulting firms in the E&P water space. He started his career at the Texas Railroad Commission, and has worked with water resources and environmental services throughout North America, South America, Europe and Asia. Mr. Godsey’s professional background includes construction, operation, downhole completion, pipeline, regulatory, permitting, risk management, and compliance disciplines associated with disposal wells. He obtained his bachelor’s and master’s degrees from Baylor University in earth science and environmental studies, and has served as an adjunct professor of geology at Letourneau University.

Partners

WaterBridge has teamed with a leading private equity investment firm specializing in the oil & gas industry—reinforcing our stability, and ensuring that we have access to all the resources required to address your fluid and wastewater-handling and disposal needs.

Five Point Capital Partners is a private equity firm focused on investments in the energy infrastructure sector, with a strategy to partner with, develop, and support strong management teams through buyout and growth capital investments within the midstream energy sector.

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David N. Capobianco CEO & Managing Partner

Mr. Capobianco founded Five Point Capital Partners in 2011 after founding and serving as co-head of the Private Equity Group of Vulcan Capital, the direct investment arm for Paul G. Allen—where he led multiple take-private, acquisition, development, spinout, and build-up activities.

Matthew K. Morrow COO & Managing Partner

Mr. Morrow’s professional experience includes serving as president and CEO of Iberdrola Energy Holdings—which held Iberdrola Energy Services, a North American natural gas marketing business, and ENSTOR, one of the largest independent natural gas storage franchises on the continent.

Turning Your Investment in Water Infrastructure into a Cost-Effective Funding Source for Your Core Operations