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
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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.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 13, 2018|
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