OWL acquires GP II SWD wells in Permian Basin

Oilfield Water Logistics

Oilfield Water Logistics (OWL), a Natural Gas Partners (NGP) portfolio company providing water services to the energy industry, has acquired the saltwater disposal (SWD) wells and producer contracts of GP II Energy Inc.  

The transaction adds three strategically located SWD wells and significant piped water volumes to OWL's assets. The three wells – Oasis SWD, Keystone SWD, and Topeka SWD – expand OWL's footprint in the Permian Basin, establishing its presence in Winkler and Reeves counties and reinforcing its commitment to creating a reliable water infrastructure network.

With the GP II purchase, OWL owns 16 SWD wells and a network of water pipelines with producer contracts, in addition to significant exclusive surface-use agreements in the Permian Basin.

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