WaterBridge Announces Strategic Acquisition of Produced Water Assets and Expanded Dedication with Colgate Energy in the Delaware Basin
September 10, 2021
WaterBridge Holdings LLC (together with its subsidiaries, “WaterBridge”) announced today that it has closed a transaction with Colgate Energy, LLC (“Colgate”) to acquire the produced water infrastructure associated with Colgate’s recent asset acquisition from Occidental. In connection with the acquisition, WaterBridge and Colgate have entered into a new 15-year produced water management agreement for all of Colgate’s operated acreage within a significantly expanded Area of Mutual Interest in Reeves and Ward Counties, Texas.