Hart Energy: The Celtic Disposal LLC deal featured a Permian operator with a water subsidiary that sold that unit to a company that specializes in water infrastructure. Is this a synergy for this particular transaction or a model for water company deals going forward?

Tim Chandler: While I cannot speak to the specifics of this transaction, yes, this is a notable trend. Approximately five years ago, there was a significant trend whereby many E&P-focused companies divested of their midstream assets because it did not make sense to them to hold them any longer, given their expertise in E&P, the focus of their investors and other considerations.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access