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PS - Concho Resources Highlights - August 07, 2019

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Concho Resources and Solaris Water Midstream agreed to form a produced water management JV in the northern Delaware Basin. Solaris will manage Concho’s produced water gathering, transportation, disposal and recycling for an area covering 1.6 million acres primarily in Eddy County, New Mexico. Concho will contribute 13 saltwater disposal wells and 40 miles of large-diameter produced water gathering pipelines in exchange for cash and an equity ownership in Solaris......
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