Company grows oil and gas wastewater assets in Permian Basin

An oil and gas water treatment company purchased produced water infrastructure from Colgate Energy bought from Occidental Petroleum last month.

Houston-based WaterBridge Holdings announced the deal Sept. 10 that saw the company enter a 15-year produced water management agreement for all of oil producer Colgate’s acreage in the Delaware Basin on the Texas side of the shale play in Reeves and Ward counties.

Included in the acquisition were 10 water handling facilities for midstream operations able to handle about 100,000 barrels per day along with about 50 miles of pipelines to move produced water throughout the basin west Texas shares with southeast New Mexico.

More:New Mexico oil and gas must be curbed to address climate, health impacts, study says

The acreage Colgate acquired from the Oxy deal joined assets previously acquired by Colgate from Luxe Energy, meaning a total of 86,100 operated acres of produced water assets will be managed by WaterBridge for Colgate.