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MCS - Gulfport Energy Highlights - January 15, 2020
Gulfport Energy agreed to sell its SCOOP water infrastructure assets for $50 million cash to Bison Oilfield Services, Oklahoma’s largest water infrastructure, logistics and solutions provider. Bison will acquire 2.3 MMbbl of storage, 40,000 bbl/d of recycling, 55,000 bbl/d of freshwater supply capacity and a pending saltwater disposal permit. Closing is expected in January. The companies simultaneously entered 15-year agreements whereby Bison will manage all of Gulfport’s water gathering, recycling, storage, reuse, disposal, transportation,......
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