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Gravity Acquiring On Point Oilfield Holdings from White Deer Energy

By Criterion Research
November 8, 2019 -

Gravity, backed by Clearlake Capital, has entered into a deal to acquire On Point Oilfield Holdings from White Deer Energy.  The purchase expands its produced water handling capabilities in the Midland Basin.

On Point currently operates 17 saltwater disposal wells and 432.5 MBbl/d in permitted disposal capacity.  


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Categories
Oil and Gas
Service Company

Commodities
Water

Tags
Mergers/Acquisitions
Private Equity

Regions
Midland Basin

Countries
United States

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