WaterBridge Resources Acquires Arkoma Basin Produced Water Gathering & Disposal Assets
Houston, TX -
October 10, 2017
WaterBridge Resources LLC today announced that, through its affiliate WaterBridge Resources II LLC (WaterBridge II and collectively, “WaterBridge”), it has closed on the acquisition of Arkoma Water Resources, LLC, (the “Acquisition”), from USG Surface Facilities I, LLC, (“USG”). WaterBridge II was formed in conjunction with the Acquisition and is supported by $300 million in equity commitments from Five Point Capital Partners LLC and its affiliates (“Five Point”), increasing Five Point’s aggregate equity commitments to WaterBridge to $500 million.