Aqua Terra Water Management LP has acquired three saltwater disposal facilities operated by Superior Disposal Services LLC. Terms of the acquisition were not disclosed.
The three acquired facilities, which in the aggregate consist of five wells licensed for commercial disposal, are located in the Midland Basin in west Texas in Glasscock and Upton counties. All three facilities serve E&P customers producing in the Spraberry and Wolfcamp formations.
Dechert LLP served as the legal advisor to Aqua Terra, and Deerpath Capital Management LP provided financing for the acquisition.