NGL Energy Partners LP said Aug. 6 that it has signed a new long-term produced water transportation and disposal agreement with a leading independent producer operating in Eddy and Lea Counties within the Delaware Basin.
In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.
The work scope for the 30-month project includes an inlet stream screening to remove debris, feed water tanks with oil skimmer and pumps, a clarifier system including flocculation, coagulation and oil skimmer, treated wastewater storage and pumps, sludge treatment and relative utilities.
NGL Energy Partners LP has signed a new long-term produced water transportation and disposal agreement with a supermajor, the company said July 8.
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Blackbuck Resources CEO Justin Love says a unique background and being debt-free has allowed opportunities for the Houston-based midstream company through this tumultuous time.
“This was a massive shock to the system and to the country. I think this is one of the times where the oil industry may not have actually been hit worse,” Solaris Water Midstream CEO Bill Zartler told Hart Energy.
Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.
In a statement, Stephen Johnson said he and the WaterBridge board are confident that now is the right time to transition the water midstream company’s leadership to the “next generation of talent.”