trending Market Intelligence /marketintelligence/en/news-insights/trending/I_CggBUqlvnN7UvqaVLntg2 content esgSubNav
In This List

Report: Energy-focused investor NGP looks to sell Oilfield Water Logistics

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes


Report: Energy-focused investor NGP looks to sell Oilfield Water Logistics

Energy-focused private equity firm NGP Energy Capital Management LLC is evaluating a potential sale and other options for Oilfield Water Logistics LLC, or OWL, Bloomberg News reported, citing people familiar with the matter.

The sources told the news outlet that Dallas-based OWL could be valued at $600 million or more in a sale.

OWL owns infrastructure for gathering and disposing of water used for shale well fracking in the Permian Basin of Texas and New Mexico, and owns assets in the U.S. Midwest. NGP is backed by Carlyle Group LP.

Neither representatives for NGP nor OWL responded to requests for comment, according to Bloomberg.