WaterBridge Resources Acquires Arkoma Water Resources From USG Surface Facilities

Published: Oct 10 2017
Deal Summary

WaterBridge Resources LLC, a midstream development company focused on developing, acquiring and operating water infrastructure for oil and gas producers and backed by Five Point Capital Partners LLC, acquired Arkoma Water Resources LLC, a midstream development company, from USG Surface Facilities I, LLC, an oil and gas services company.

Arkoma Water Resources operates around 110 miles of produced water pipeline and 95 miles of gas lift pipeline infrastructure. The company also owns three water transfer facilities and five saltwater injection facilities located in Hughes and Pittsburg counties, Oklahoma.

The acquisition expands WaterBridge's operating presence into multiple basins.

Stephen Johnson, CEO of WaterBridge Resources, said, "This strategic acquisition complements our existing produced water, supply water, transportation pipeline and SWD infrastructure businesses, and enables WaterBridge to provide additional services for producers in Oklahoma. With the increased drilling activity and extremely encouraging well results from area producers, the Arkoma basin is a key focus area for WaterBridge. Notably, the acquisition expands upon WaterBridge's existing asset footprint and multi-basin portfolio strategy, providing an excellent platform for future system expansion."

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