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WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.
As spending within cash flow is increasingly the norm for E&Ps, Drillcos provide a possible capital solution.
Austin, Texas-based technology startup Novi Labs embarks on its next stage of growth with increased funding and proven senior software executive, Scott Sherwood, now at its helm.