Gravity Acquires On Point Oilfield Holdings
November 7, 2019
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.
- Buyers
- Gravity, Clearlake Capital Group, L.P.
- Targets
- On Point Oilfield Holdings LLC
- Sellers
- White Deer Energy, L.P.
- Platforms
- Gravity
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Addon
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