RRIG Water Solutions, a subsidiary of Fort Worth-based RRIG Energy, has acquired a 475-mile pipeline located in the Eastern Delaware Basin from Oilfield Water Logistics.
The pipeline has the potential to move over 2.3 million barrels of freshwater per day for oil and gas operations located throughout the Permian Basin, the nation's highest-producing oilfield. The acquisition expands RRIG Water Solutions' freshwater capabilities and overall footprint in the Permian Basin, enabling the company to transport freshwater to oil and gas companies active in the region.
Terms of the deal were not disclosed.
Fort Worth, Texas-based RRIG Water Solutions LLC, is a water transfer company that provides economical, long-term fresh and wastewater solutions to oil and gas operators throughout the Permian Basin.