WaterBridge Resources, LLC (“WaterBridge”) announced today the acquisition of EnWater Solutions, LLC (“EnWater”), a leading produced water gathering and disposal company in the southern Delaware Basin. WaterBridge plans to expand the existing gathering business into a full-cycle, closed-loop water infrastructure system that offers regional producers an integrated, all-in-one array of water supply and management solutions.
8.04.17 | Posted By EVX Midstream
Houston, Texas, August 7th, 2017 – EVX Midstream Partners, LLC (“EVX”) today announced that it has added two industry executives to its business development team. EVX appointed Brian Stewart as Vice President of Business Development and Nick Miller as Director of Business Development.
HOUSTON, TX-July 19, 2017 -WaterBridge Resources, LLC (“WaterBridge” or the “Company”), a midstream company focused on providing comprehensive water management solutions for oil and gas producers through the acquisition, development and operation of fully integrated infrastructure systems, announced today that it has entered into a long-term public-private partnership with the City of Fort Stockton, Texas to develop and purchase the City’s water resources for commercial oil and gas use.
3.29.17 | Posted By EVX Midstream
Houston, Texas, March 30th, 2017 – EVX Midstream Partners, LLC (“EVX”) today announced that it is expanding its Eagle Ford asset base. EVX is constructing additional crude oil gathering infrastructure and has acquired additional strategic SWD facilities.
DALLAS–(BUSINESS WIRE)–Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the formation of San Mateo Midstream, LLC (“San Mateo” or the “joint venture”), a strategic joint venture between a wholly-owned subsidiary of Matador and a subsidiary of Five Point Capital Partners LLC (“Five Point”) to operate and expand Matador’s midstream assets in the Delaware Basin in Eddy County, New Mexico and Loving County, Texas (the “Midstream Assets”). Matador received $171.5 million in connection with the formation of the joint venture and may earn up to an additional $73.5 million in deferred performance incentives over the next five years. Matador will continue to operate the Midstream Assets and control the joint venture. At formation, Matador and Five Point owned 51% and 49% of the joint venture, respectively. The implied value of the Midstream Assets and the associated gathering, processing and disposal agreements entered into with Matador, as described below, was approximately $500 million at closing after taking into account the performance incentives.
Houston, TX – February 17, 2017 – A wholly owned subsidiary of Five Point Capital Partners LLC
(“Five Point”) and Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the
formation of San Mateo Midstream, LLC (“San Mateo” or the “JV”) to own, operate and expand natural
gas, crude oil, and produced water midstream assets in the Delaware Basin, including Matador’s
midstream assets in Eddy County, New Mexico and Loving County, Texas (the “Midstream Assets”).
At formation, Five Point and Matador owned 49% and 51% of the JV, respectively, with Matador’s
midstream team continuing to operate the Midstream Assets.
1.17.17 | Posted By EVX Midstream
Houston, Texas, January 17, 2017 – EVX Midstream Partners, LLC (“EVX”) today announced it has moved its corporate office to 811 Louisiana, Suite 2500, Houston, TX 77002.
“Moving our office to downtown Houston is an important move for EVX as it positions us closer to many of our customers. We are continuing to expand our gathering systems in the Eagle Ford and being closer to our customers allows us to serve them better,” said Herb Chambers IV, President and CEO of EVX.
9.12.16 | Posted By EVX Midstream
The Woodlands, Texas, September 12, 2016 – EVX Midstream Partners, LLC (“EVX”) today announced that it has entered into a definitive agreement to build a crude oil gathering system in the Eagle Ford oil window. The gathering system (“EVX South Texas Crude”) will be underpinned by a fee-based, 10-year agreement that includes a substantial acreage dedication and existing crude oil production in Frio, La Salle and McMullen Counties, Texas. EVX South Texas Crude facilities will serve many of the same producers as EVX South Texas Water and ultimately create higher netbacks for EVX’s customers.
5.02.16 | Posted By EVX Midstream
The Woodlands, Texas, May 2, 2016 – EVX Midstream Partners, LLC (“EVX”) today announced it has entered into a definitive agreement to build a produced water gathering system in the Eagle Ford oil window. The gathering system and surrounding facilities (“EVX South Texas”) will be underpinned by a fee-based, 15-year agreement that includes a 72,000 acre dedication in La Salle, Frio, and Atascosa Counties, Texas. Construction of the system will begin in May and is expected to be placed into service in the fourth quarter of 2016. EVX is currently evaluating multiple expansion opportunities for the water system, as well as potential crude oil and natural gas projects, to provide midstream solutions and cost savings to area producers.
Five Point Energy LLC (“Five Point”) today announced the formation and funding of WaterBridge Resources, LLC (“WaterBridge”), with an equity commitment of up to $200 million from Five Point Capital Midstream Fund II L.P. and its affiliates. WaterBridge is focused on developing, acquiring and managing water infrastructure for upstream producers and is currently pursuing brownfield and greenfield development and acquisition opportunities in conventional and emerging resource plays throughout North America.