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NGL Energy Partners LP Announces Acquisition Of Oilfield Water Lines LP


Friday, 2 Aug 2013 12:15pm EDT 

NGL Energy Partners LP announced that it has acquired the water disposal and hauling business of Oilfield Water Lines LP (OWL), a partnership with High Roller Wells and the Mark Cuban Companies for 2,463,287 common units and $168 million in cash, plus net working capital. The acquisition expands NGL`s water services business by adding four high capacity, strategically located, oil and gas water disposal facilities to its portfolio of water treatment and gathering infrastructure. The acquisition brings a operating team to NGL`s water services business and approximately 90,000 barrels per day of additional disposal capacity in the growing Eagle Ford Shale in South Texas, a US oil producing region. 

Company Quote

29.05
0.42 +1.47%
22 Dec 2014