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OFS - WaterBridge’s $115MM Delaware deal with Centennial nixed - May 2020



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Centennial Resource Development announced on May 15 the cancellation of its sale of Delaware Basin water infrastructure assets in Reeves County, Texas, to WaterBridge Resources. Pursuant to the terms of the purchase and sale agreement, Centennial said it has the right to receive the $10 million purchase price deposit currently being held in escrow. The $150 million deal was announced Feb. 24 and was originally expected to close in late Q1. WaterBridge, a portfolio......
 
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