Delek Logistics Partners Acquires Gravity Water Intermediate Holdings (Gravity Water Midstream)

Western Midstream Partners Acquires Brazos Delaware II

May 7, 2026

Industrial Services

Western Midstream Partners, LP entered into a definitive agreement to acquire Brazos Delaware II, LLC for approximately $1.6 billion. The deal is a 50% cash / 50% common units transaction, with closing expected in late Q2 2026, and is designed to expand Western Midstream’s Delaware Basin gathering and processing footprint. Western Midstream later announced the acquisition closed on June 11, 2026.

MPLX LP Acquires Northwind Midstream for $2.375 Billion

September 2, 2025

Infrastructure

MPLX LP has completed its $2.375 billion acquisition of Northwind Delaware Holdings LLC (Northwind Midstream), which provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The acquisition strengthens MPLX’s Permian Basin natural gas and NGL value chains and is expected to be immediately accretive to distributable cash flow, with estimated incremental capital of $500 million for in-process expansion projects.

Delek Logistics Partners Acquires H2O Midstream

September 12, 2024

Energy

Delek Logistics Partners, LP (NYSE: DKL) has closed the acquisition of H2O Midstream, a portfolio company of EIV Capital, for total consideration of $230 million ($160 million cash and $70 million in convertible preferred redeemable equity). The purchase expands Delek Logistics’ Midland Basin water midstream capabilities—water gathering, transportation, recycling, storage and disposal—and is expected to create operational synergies with its existing Permian Basin assets.

Gravity Acquires On Point Oilfield Holdings

November 7, 2019

Energy

Gravity, a Clearlake-backed water and energy infrastructure platform, has acquired On Point Oilfield Holdings from White Deer Energy, creating the largest produced water (saltwater disposal) company in the Midland Basin. On Point founders and key executives have joined Gravity’s management team; financial terms were not disclosed.

NGL Energy Partners LP Acquires Hillstone Environmental Partners from Golden Gate Capital

November 1, 2019

Oil & Gas

NGL Energy Partners LP has agreed to acquire all equity interests of Hillstone Environmental Partners LLC from Golden Gate Capital for approximately $600 million. The acquisition adds Hillstone's produced water pipelines and disposal well network in the Northern Delaware Basin to NGL's existing Delaware Basin water platform, increasing disposal and transportation capacity and providing long-term contracted volumes.

Gravity Oilfield Services Acquires Water Disposal Infrastructure from MBI Oil & Gas

March 21, 2019

Oil & Gas

Gravity Oilfield Services, a Clearlake Capital-backed water midstream platform, acquired certain water disposal infrastructure assets from MBI Oil & Gas, LLC to expand its Bakken footprint and strengthen relationships with regional operators. Financial terms were not disclosed.