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Houston-based WaterBridge Resources LLC has secured up to $800 million in financing that will be used to expand its presence in the Permian Basin of West Texas.

WaterBridge announced on Friday morning that its subsidiary WaterBridge Operating LLC entered into a $800 million debt deal with a consortium of 16 banks led by SunTrust Robinson Humphrey.

The water infrastructure company will use the money to pay down debt and buy nearly 70 miles of water gathering pipelines and 19 saltwater disposal wells in four counties as part of two separate deals with Houston-based Halcon Resources and Oklahoma-based NGL Energy Partners LP.

Under a $325 million deal, WaterBridge is buying nearly 60 miles of water gathering pipelines and 10 saltwater disposal wells from Halcon in Pecos, Reeves, Ward and Winkler counties. Halcon will become a customer of WaterBridge with 15-year guarantee on water and disposal services.

NGL Energy Partners is selling 10 miles of water pipeline, nine saltwater disposal wells and all related contracts to WaterBridge for $238 million.

“The WaterBridge team remains focused on improving and increasing our unique infrastructure footprint to better serve Delaware producers current and future requirements,” WaterBridge Founder, President and CEO Stephen Johnson said in a statement.

Founded in December 2015, WaterBridge was launched with the backing of Houston-based private equity firm Five Point Energy.

WaterBridge owns an operates water gathering pipelines and saltwater disposal wells in the southern Delaware Basin of West Texas and the Arkoma Basin in southeastern Oklahoma.