Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, on Oct. 17 said it has entered into a 15-year water gathering and disposal agreement with Chaparral Energy Inc. and its affiliates.
Under the agreement, Bison will exclusively manage all of Chaparral's produced water infrastructure and water hauling logistics, including any future acreage acquired or operated by Chaparral, within a roughly 1.9 million-acre dedicated area across Canadian, Grady and Blaine counties.
"We are excited to materially expand our relationship with Chaparral through this long-term water agreement,” said Bison CEO North Whipple. “As part of the arrangement, Bison will construct and manage all of Chaparral's water infrastructure and logistics within these three counties of the Stack and Merge for the next 15 years. We are proud to continue growing alongside our customers by helping them focus on their core businesses, realize cost savings, outsource their infrastructure expenses and achieve unmatched system reliability."
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
QEP Energy Co., subsidiary of QEP Resources, retained EnergyNet for the sale of Kentucky and Michigan asset packages in auction closing March 5.
Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.