Printer Friendly

Expedition Water Solutions Expands Position in PRB with Acquisition of Wamsutter Water Disposal Infrastructure.

M2 EQUITYBITES-December 13, 2018-Expedition Water Solutions Expands Position in PRB with Acquisition of Wamsutter Water Disposal Infrastructure

(C)2018 M2 COMMUNICATIONS http://www.m2.com

13 December 2018 - Colorado, US-based midstream operator Expedition Water Solutions Colorado LLC has acquired water assets of Bluegrass Water, LLC and Bluegrass Southern Cross LLC to expand its position in the core of Power River Basin (PRB) activity, the company said.

Terms of the transaction were not disclosed.

Bluegrass Water and Bluegrass Southern collectively offer more than 10m bbls of capacity in the PRB and Wamsutter basins that currently serve PRB operators under longterm kae-or-pay and/or acreage dedication contracts.

The acquisition also provides Expedition an attractive greenfield growth avenue for additional assets in the core of the PRB.

Expedition Water Solutions is a high-growth, acquisitive, private equity backed company. Asset development projects include saltwater disposal wells, evaporative ponds, and saltwater gathering pipelines.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Dec 13, 2018
Words:159
Previous Article:Arthur J. Gallagher Acquires Toronto-Based Accompass.
Next Article:Elion Partners, Buchanan Partners Form Joint Venture to Acquire, Develop Multi-Family Asset in Washington DC Metro Area.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters