Select Energy Services Acquires Agua Libre Midstream and Water Assets from Basic Energy Services

Select Energy Services Acquires Complete Energy Services from Superior Energy Services

July 12, 2021

Energy

Select Energy Services (NYSE: WTTR) acquired substantially all water-related assets and ongoing operations of Complete Energy Services, an operating subsidiary of Superior Energy Services, in exchange for 3.6 million shares of Class A common stock and $14.2 million in cash (subject to adjustments). The deal adds more than 300,000 barrels per day of permitted disposal capacity and brings over 700 field personnel to Select, expanding its footprint across the Permian, Mid-Continent, Rockies, Powder River Basin and the Marcellus/Utica regions.

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.

Select Water Solutions Acquires Haynesville and Rockies Water Infrastructure Assets

January 30, 2024

Energy

Select Water Solutions (NYSE: WTTR) acquired three strategic produced-water infrastructure portfolios in the Haynesville Shale and the Rockies for approximately $90 million in cash, adding roughly 450,000 barrels per day of permitted disposal capacity across 21 active saltwater disposal wells, two slurry injection wells, and additional permitted recycling capacity. The transactions include the disposal assets and operations of Tri-State Water Logistics, LLC and substantially all assets of Iron Mountain Energy LLC, and additional Rockies disposal/recycling infrastructure, and are expected to be accretive to Select's Water Infrastructure segment while expanding its geographic footprint and treatment capabilities.

Laredo Petroleum Acquires Sabalo Energy Assets for $715M

May 9, 2021

Oil & Gas

Laredo Petroleum (NYSE: LPI) signed a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, for approximately $715 million in cash and stock. Concurrently, Laredo sold 37.5% of certain operated PDP reserves in its Legacy leasehold to an affiliate of Sixth Street Partners for $405 million to help fund the acquisition and deleverage the balance sheet.

bp Acquires EDF Energy Services

September 12, 2022

Energy

bp has agreed to purchase EDF Energy Services (EDF ES), a Houston-based supplier of power, natural gas and related services to commercial and industrial customers across the United States. The acquisition brings EDF ES's full retail operating capabilities into bp, enhancing bp's ability to deliver integrated energy and lower-carbon solutions to large C&I and public-sector customers in the U.S.

Energy Transfer LP Acquires Enable Midstream Partners

December 2, 2021

Oil & Gas

Dallas-based Energy Transfer LP completed its previously announced merger to acquire Oklahoma City-based Enable Midstream Partners, consolidating Enable’s gathering, processing, transportation and storage assets into Energy Transfer’s midstream network. The transaction, effective December 3, 2021, adds substantial fee-based cash flows and geographic footprint (Anadarko, Arkoma and Haynesville basins) and is expected to generate more than $100 million of annual run-rate synergies.