WaterBridge Resources
Date | Investors | Amount | Round |
---|---|---|---|
$200m | Growth Equity non VC | ||
$200m | Debt | ||
N/A | Growth Equity non VC | ||
Total Funding | - |
Recent News about WaterBridge Resources
EditWaterBridge is a leading midstream water management company specializing in the gathering, transportation, and disposal of produced water for Exploration and Production (E&P) companies. Operating primarily in the Southern Delaware Basin in West Texas and the Arkoma Basin in Southeastern Oklahoma, WaterBridge serves a niche market that requires reliable and efficient water management solutions. The company boasts an extensive network of 80 facilities interconnected by 980 miles of pipeline, capable of handling up to 1.8 million barrels of water per day. This infrastructure supports E&P companies that have shifted from single well to pad drilling, necessitating significant permanent water infrastructure to manage higher volumes of produced water. WaterBridge's business model revolves around long-term contracts with E&P companies, ensuring a steady revenue stream. The company makes money by charging fees for water gathering, transportation, and disposal services. Led by an experienced management team with over 150 years in the energy industry, WaterBridge has handled over 250 million barrels of water from 30 customers without missing a commitment. The company is privately held and continues to grow, offering competitive salaries, bonus opportunities, and comprehensive health insurance plans to its employees.
Keywords: midstream water management, produced water, E&P companies, Southern Delaware Basin, Arkoma Basin, pipeline infrastructure, water disposal, energy industry, long-term contracts, water transportation.