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

About WaterBridge

WaterBridge develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of E&P companies. Our water pipeline and disposal systems provide our customers with reliable and efficient gathering and disposal of produced water.

Water management is a critical aspect of our customers’ oil and gas operations. As a result of the rapid growth in oil and gas production due to the widespread adoption of horizontal drilling, we believe large-scale, permanent water infrastructure networks are necessary to maintain current levels of oil and gas production in unconventional oil and gas basins.

Business Overview

WaterBridge's mission is to provide comprehensive and integrated water management solutions for the E&P industry by acquiring and developing infrastructure systems for produced water, reuse, source, and disposal and water treatment in a socially and environmentally responsible manner, all while ensuring unqualified reliability, safety and best practices at the lowest long-term water cost for our customers. WaterBridge is pursuing greenfield and brownfield acquisition opportunities in emerging resource plays and other conventional producing basins.

1.

WaterBridge is supporting America’s expanding E&P activity—15% to 30% of the costs of which are associated with water logistics and services. 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 full-cycle water management knowledge offers advantages throughout the acquisition, development, and management of water infrastructure assets. WaterBridge’s leadership team’s more than 200 years of combined background working with leading energy companies in the field, while creating stakeholder relationships is based on trust, ethics, integrity and with a focus on developing long-term partnerships.

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 will purchase existing water infrastructure assets and operate them for your benefit, enabling you to monetize those assets and redeploy the capital for higher-return use for the full life of your company’s upstream investments.

5.

WaterBridge’s systems provides for safe, efficient injection and management of wastewater back into the ground from which it came, while also adhering to statutory requirements and embracing our commitment and stewardship.

Team

WaterBridge’s executive team brings deep, relevant upstream, midstream and water experience to bear in developing creative, customer-focused produced water transportation and disposal solutions.

Stephen M. Johnson

Chief Executive Officer

Mr. Johnson has more than four decades of experience in the energy industry, including more than 20 years as a senior executive and entrepreneur. Prior to founding WaterBridge, Mr. Johnson served as president and COO of Nabors Well Services, where he managed a fluids management business with 3,500 professionals in 15 states and Canada, approximately $1B in annual revenue and 29 SWD wells in Texas, New Mexico, Oklahoma and North Dakota. Previously, Mr. Johnson also co-founded and served as COO of Stonegate Production Company, one of the first entrants into the Eagle Ford oil play in South Texas, and served in increasing roles of responsibility at Amoco and BP. Mr. Johnson holds a B.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 and currently serves on the board of directors of Plum Energy.

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.

Steven R. Jones

EVP & Chief Financial Officer

Mr. Jones has more than 20 years of experience in midstream finance and corporate development. Mr. Jones was most recently the founder and CEO of Core Midstream LLC. Previously, he co-founded and served as EVP and CFO of PennTex Midstream Partners, LLC, a gathering and processing-focused midstream company with platforms in the Delaware Basin of west Texas and the Cotton Valley play in Louisiana. While at PennTex, he led the initial public offering of PennTex Midstream Partners, L.P (NASDAQ: PTXP). Prior to PennTex, he was managing director of midstream investment banking at Tudor, Pickering, Holt & Co. He has also held positions at Lehman Brothers and El Paso Corporation. Mr. Jones earned a B.S. in math and economics from Tulane University.

Jason Long

EVP & Chief Commercial Officer

A native of west Texas, Mr. Long is an oil and gas entrepreneur with more than 15 years of experience founding and operating businesses that invest and provide services across the upstream and midstream value chains. Most recently, he was president and founder of EnWater Solutions, LLC and Pelagic Water Systems, LLC, the precursors to WaterBridge’s Permian platform, where he led the funding, construction and commercialization of our produced water-gathering and disposal system located in the southern Delaware Basin in west Texas. Mr. Long holds a B.S. from Texas Christian University.

Michael Reitz

SVP - Operations

Mr. Reitz has more than 10 years of upstream and midstream engineering, construction, and operations experience in West Texas. Most recently, he served as Vice President for EnWater Solutions, LLC, where he managed the construction and operations of our legacy produced water gathering and disposal system in the southern Delaware Basin. Before starting EnWater with Jason Long, he was an Operations Engineer for Diamondback Energy. Prior to that, he was a Production and Completions Engineer for BOPCO and a Field Engineer for Chesapeake Midstream Development, focused on gathering pipelines and compressor facilities. Mr. Reitz holds a B.S. in petroleum engineering from Louisiana State University.

Dan Montgomery

SVP - Technical Strategy & Business Development

Mr. Montgomery has over 15 years of engineering and leadership experience. Most recently, he managed Pioneer Water Management’s $1.3 billion capital program to plan, contract and construct its produced water systems. Upon completion of the water program, he led Pioneer’s efforts to maximize well value and reduce drilling and completion costs. Previously, he held commercial and engineering roles at Access Midstream Partners. He holds an MBA from the University of North Carolina at Chapel Hill. Mr. Montgomery earned his B.S. in mathematics from the United States Naval Academy, where he was a four-year letterman in varsity soccer team. Upon graduation, he served as a naval officer and aviator in the U.S. Navy.

Bryan Smith

SVP - Engineering & Construction

Mr. Smith has over 13 years of engineering, construction and leadership experience. While at Pioneer Natural Resources, Mr. Smith oversaw design, construction and completion of over 40 miles of 36-inch HDPE water delivery pipelines as well as the economic evaluation, analysis and prioritization of over one billion dollars’ worth of water infrastructure projects in the Permian Basin. Mr. Smith has experience as a reservoir engineer, operations engineer, facility engineer and most recently operations integration manager for Pioneer’s Eagle Ford division. He holds an MBA from Southern Methodist University and a B.S. in Civil Engineering from the United States Military Academy at West Point. He also served as an infantry officer in the U.S. Army.

Michael Neese

SVP - Supply & Technical Sales

Mr. Neese has managed water and wastewater resources for almost three decades with a background in the development and protection of water resources, water laws and emerging treatment technologies. Most recently, he was the manager of field operations and maintenance at Pioneer Water Management where he oversaw their water sourcing, reuse, treatment and delivery systems. Mr. Neese was PWM’s technical advisor for the City of Midland’s secondary wastewater treatment plant that has a capacity of 15 million gallons per day. Previously, he was assistant director for drinking water operations with the City of Houston. Mr. Neese has held appointed positions as the president and vice president of two groundwater conservation districts. He holds a B.S in engineering from Texas Tech University.

Harrison Bolling

VP - General Counsel

Mr. Bolling has more than 10 years of experience advising energy clients. Most recently, he was VP and general counsel for Core Midstream LLC, a venture-stage midstream company. Previously, he was assistant general counsel at PennTex Midstream Partners LLC, responsible for securities, M&A and commercial transactions. Prior to that, he was an associate at Bracewell LLP where he focused on capital markets and M&A transaction. He holds a J.D. from the University of Texas and a B.S. in economics and history from Vanderbilt University.

Partners

WaterBridge has teamed with a leading private equity investment firm specializing in the oil & gas midstream industry—providing WaterBridge with unparalleled financial support in the midstream water industry, our stability, and ensuring that we have access to all the resources required to address your full-cycle water infrastructure 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.

WaterBridge – the next wave of midstream.