Aris Water Solutions Acquires Delaware Energy Assets in Exchange for Stock

Aris Water Solutions said in its earnings release that it had acquired all of Delaware Energy’s assets on Aug. 1 in exchange for 3.37 million Class A shares and a small, volumetric-based contingent consideration paid over five years. 

Aris Water Solutions Acquires Delaware Energy Assets in Exchange for Stock

Based in Midland, Texas, Delaware Energy Services provides operators and water haulers with reliable, cost-effective solutions for saltwater disposal and produced water reuse with customers throughout southeastern New Mexico.  (Source: Delaware Energy Services)

Aris Water Solutions Inc. acquired the assets of Delaware Energy Services, which are located in Aris’s core areas in the Northern Delaware Basin.

“The acquisition of Delaware Energy’s assets represents a unique opportunity to add strategic operating assets and customers adjacent to our core infrastructure in New Mexico,” Aris CEO Amanda Brock commented in a company release.

Delaware Energy Services provides operators and water haulers with reliable, cost-effective solutions for saltwater disposal and produced water reuse with customers throughout southeastern New Mexico. Based in Midland, Texas, the Delaware Energy team includes individuals with extensive experience in engineering, geophysics, land management, regulatory, legal and business development, according to the company website.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.