Five Point forms, funds WaterBridge Resources with $200M equity commitment

Five Point Capital Partners LLC has formed and funded WaterBridge Resources LLC with an equity commitment of up to $200 million from Five Point Capital Midstream Fund II LP and its affiliates. WaterBridge is focused on developing, acquiring, and managing water infrastructure for upstream producers and is currently pursuing brownfield and greenfield development and acquisition opportunities in conventional and emerging resource plays throughout North America.

WaterBridge is led by its founding principals Stephen Johnson, CEO, and Andrew Stephens, CFO. 

Johnson previously served as president and COO at Nabors Well Services Inc., a production services, completion services, and fluids management business, until Nabors Completion & Production Services Co.’s (NCPS’s) $2.9 billion merger (initial transaction value) with C&J Energy Services Inc. Prior to Nabors Well Services, he co-founded and served as president and COO of Stonegate Production Co., an independent exploration and production company that was an early entrant and led the development of the Eagle Ford shale play

Prior to co-founding WaterBridge, Stephens served as vice president of finance at NCPS. In addition, he brings leadership experience gained while holding senior financial and commercial executive roles with Halliburton and TETRA Technologies.

 

 

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