WaterBridge NDB and Devon Energy Form Strategic Delaware Basin Produced Water Partnership

HOUSTON, Aug. 7, 2023 /PRNewswire/ — WaterBridge NDB LLC (together with its subsidiaries, “WaterBridge NDB”), a portfolio company of Five Point Energy LLC (“Five Point”), announced today the formation of NDB Midstream LLC, a strategic partnership with WPX Energy Permian, LLC (“Devon“), a subsidiary of Devon Energy Corp. (NYSE: DVN). The partnership between two technical leaders, WaterBridge NDB within […]

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WaterBridge Announces Significant Transactions – $1.0 Billion Term Loan B and $150 Million Revolving Credit Facility and Acquisition of Additional Produced Water Infrastructure in the Southern Delaware Basin

HOUSTON, June 27, 2019 /PRNewswire/ — WaterBridge Holdings LLC (together with its subsidiaries, “WaterBridge”) announced today the closing of significant transactions that provide additional expansion capital and operational scale in the Southern Delaware Basin. Term Loan B and Revolving Credit Facility WaterBridge’s $1.0 billion Term Loan B priced at L+575 / 97.5 OID and matures in June 2026.  WaterBridge used the […]

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WaterBridge Resources LLC Acquires Southern Delaware Produced Water Assets of Concho Resources Inc. and Commences Long-Term Produced Water Handling Contract

HOUSTON, Jan. 3, 2019 /PRNewswire/ — WaterBridge Resources LLC (together with its subsidiaries, “WaterBridge”) announced today that it has entered into a long-term produced water management services agreement with and has acquired the produced water assets of COG Operating LLC, a subsidiary of Concho Resources Inc. (“Concho”) in the southern Delaware basin. Under the terms […]

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WaterBridge Resources LLC Announces $800 million Debt Facilities to Fund Water Infrastructure Acquisitions from Halcón Resources Corporation and NGL Energy Partners LP and to Support Ongoing Organic Growth

WaterBridge Resources LLC (together with its subsidiaries, “WaterBridge”) announced today that its subsidiary WaterBridge Operating LLC has entered into $800 million of debt facilities led by SunTrust Robinson Humphrey, Inc. with a syndicate of fifteen financial institutions.  The debt facilities consist of a $600 million Term Loan A, $400 million of which will be drawn at close and a $200 million delayed […]

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WaterBridge Resources LLC Announces Confidential Submission of Draft Registration Statement by WaterBridge Partners LP

WaterBridge Resources LLC today announced that its subsidiary, WaterBridge Partners LP (“WaterBridge Partners”), has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering by WaterBridge Partners. The size and the price range for the proposed offering have not yet […]

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WaterBridge Resources LLC Announces Key Additions to Management Team

WaterBridge Resources LLC (the “Company”) recently expanded its executive team to better serve its customers and take advantage of the growth opportunities in the rapidly evolving water midstream sector.  The new executives provide key operational and financial leadership with a broad range of expertise and experience within the energy sector. Steve Jones, Executive Vice President […]

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WaterBridge Resources LLC Announces $200 million Revolving Credit Facility to Fund Growth Projects

WaterBridge Resources LLC (“WaterBridge” or the “Company”) announced that its subsidiary WaterBridge Operating LLC has entered into a $200 million revolving credit facility (the “Credit Facility”) led by SunTrust Bank with a syndicate of nine financial institutions.  The Credit Facility will be used for general corporate purposes and to support WaterBridge’s investments in water infrastructure […]

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WaterBridge Resources Acquires Arkoma Basin Produced Water Gathering & Disposal Company

WaterBridge Resources LLC today announced that, through its affiliate WaterBridge Resources II LLC (WaterBridge II and collectively, “WaterBridge”), it has closed on the acquisition of Arkoma Water Resources, LLC, (the “Acquisition”), from USG Surface Facilities I, LLC, (“USG”). WaterBridge II was formed in conjunction with the Acquisition and is supported by $300 million in equity commitments from […]

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WaterBridge Resources Acquires EnWater Solutions

WaterBridge Resources, LLC (“WaterBridge”) announced today the acquisition of EnWater Solutions, LLC (“EnWater”), a leading produced water gathering and disposal company in the southern Delaware Basin.  WaterBridge plans to expand the existing gathering business into a full-cycle, closed-loop water infrastructure system that offers regional producers an integrated, all-in-one array of water supply and management solutions. […]

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