Following back-to-back transformational acquisitions in the Delaware Basin, privately held Colgate Energy LLC has struck again.

Colgate agreed to sell the produced water infrastructure associated with its recent asset acquisition from Occidental Petroleum Corp. in a transaction with WaterBridge Holdings LLC on Sept. 10. Though terms of the transaction weren’t disclosed, the deal also includes an expanded produced water management agreement with WaterBridge for all of Colgate’s operated acreage in the Delaware Basin.

“Colgate’s decision to expand their relationship with WaterBridge further validates our position as the water solutions provider of choice in the Delaware Basin,” commented Jason Long, co-CEO and COO of WaterBridge, in a release by the company.

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