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OFS - WaterBridge buys PDC’s Delaware water assets for $125MM - May 2019

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PDC Energy will divest its Delaware Basin water midstream assets, including infrastructure and long-term future gathering and disposal rights, to a subsidiary of WaterBridge Resources for $125 million. The agreement is WaterBridge’s fourth acquisition in the past six months. The transaction gives PDC access to WaterBridge’s water disposal network of more than 1 MMbbl/d. Under a 15-year contract, WaterBridge will handle PDC’s water gathering and disposals and offer an option to send recycled water. All the water should be efficiently transported......
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