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WaterBridge Resources LLC

Company Summary

Description

WaterBridge Resources LLC is a portfolio company of Five Point Energy that develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of E&P companies. For further information, visit our website at www.h2obridge.com.

Operational Regions

  • Delaware Basin

Related Entities

Recent news

  • 8/8/2023 - WaterBridge NDB Forms... (subscriber access)
  • 9/13/2021 - WaterBridge Holdings... (subscriber access)
  • 5/19/2020 - Centennial Resource... (subscriber access)
  • 12/20/2019 - WaterBridge Raises $345... (subscriber access)
  • 5/20/2019 - Five Point Energy Sells... (subscriber access)

Company Transactions

Date: 12/20/2019
Type: Acquisition

BUYERS:
  • WaterBridge Resources LLC
    • SELLERS:
  • Primexx Operating Corporation
  • Jetta Permian, L.P.
  • Tall City Exploration III LLC
    • DETAILS:
    NOTES:
    WaterBridge Holdings has secured $345 million in backing from private-equity firms, including $195 million issued to Five Point Energy and $150 million to Magnetar Capital (who may purchase a further $100 million.) They used this financing to acquire nearly 100-miles of pipeline and seven disposal wells in the Permian from a group of PE-backed operators, including Primexx, Tall City Exploration and Jetta Permian.
    REGIONS:
  • Permian Basin

    • Date: 6/30/2019
    Type: Acquisition

    BUYERS:
  • WaterBridge Resources LLC
    • SELLERS:
  • PDC Energy, Inc.
    • DETAILS:

    COST: 125 $MM

    NOTES:
    PDC's water assets are being purchased by WaterBridge Resources for $125 million.
    REGIONS:
  • Delaware Basin

    • Date: 5/20/2019
    Type: Acquisition

    BUYERS:
  • GIC Private Limited
    • SELLERS:
  • Five Point Energy LLC
  • WaterBridge Resources LLC
    • DETAILS:
    NOTES:
    Five Point Energy sold a minority equity stake in WaterBridge Resources LLC to GIC, with the purchase price implying a WaterBridge enterprise value of roughly $2.8 billion.
    REGIONS:
  • Delaware Basin

    • Date: 1/30/2019
    Type: Acquisition

    BUYERS:
  • WaterBridge Resources LLC
    • SELLERS:
  • NGL Energy Partners LP
    • DETAILS:

    COST: 238.8 $MM

    NOTES:
    NGL Energy Partners reported the sale of its South Pecos Water Disposal Assets to a subsidiary of WaterBridge Resources for $238.8 million.
    REGIONS:
  • Delaware Basin

    • Date: 1/3/2018
    Type: Acquisition

    BUYERS:
  • WaterBridge Resources LLC
    • SELLERS:
  • COG Operating LLC
  • Concho Resources, Inc.
    • DETAILS:
    NOTES:
    The deal included three disposal wells with a 45 Mbbl/d capacity and 44-miles of water pipelines.
    REGIONS:
  • Delaware Basin

    • Date: 10/11/2017
    Type: Acquisition

    BUYERS:
  • WaterBridge Resources II LLC
  • WaterBridge Resources LLC
    • SELLERS:
  • Arkoma Water Resources, LLC
  • USG Surface Facilities I, LLC
    • DETAILS:
    NOTES:
    The acquired (Arkoma Water) company operates approximately 110 miles of produced water pipeline and 95 miles of gas lift pipeline infrastructure, along with three water transfer facilities and five saltwater injection facilities, located in Hughes and Pittsburg Counties, Oklahoma.
    REGIONS:
  • Midcontinent