trending Market Intelligence /marketintelligence/en/news-insights/trending/QFvNXvQmbT7zxJzPTvPtWQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Waterbridge expands Permian Basin position with water asset buys

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020


Report: Waterbridge expands Permian Basin position with water asset buys

Augmenting its asset position in the Permian Basin, WaterBridge Resources LLC acquired more infrastructure in the area from private equity-backed companies, Bloomberg reported Dec. 17, citing people familiar with the matter.

The water infrastructure company acquired approximately 100 miles of pipeline and seven disposal wells from drillers Primexx Energy Partners Ltd., Tall City Exploration III LLC and Jetta Permian LP, Bloomberg reported. Primexx Energy is backed by Ares Capital Corp., Jetta Permian is backed by Blackstone Energy Partners and Warburg Pincus & Co. supports Tall City Exploration III, according to the article.

Waterbridge will fund the transactions through the issuance of $195 million of common equity to private equity firm Five Point Energy, Bloomberg reported. In addition, the company reportedly issued $150 million of preferred equity to Magnetar Capital, which also holds the right to buy another $100 million of equity.

Waterbridge's assets in the Delaware Basin portion of the Permian Basin include previously acquired produced-water assets from a Concho Resources Inc. subsidiary and water-related midstream assets from PDC Energy Inc.

The latest deals boost Waterbridge's commitments in the Permian Basin to over 600,000 acres, according to Bloomberg.