Five Point Energy - owned WaterBridge has acquired about 44 miles of saltwater pipeline and two disposal wells from Permian Basin driller Concho Resources . WaterBridge chief commercial officer Jason Long said: “We have been very fortunate to grow our relationship with Concho through the evolution of our company from Pelagic Water Systems and EnWater into WaterBridge. The agreement , whose terms were not revealed , will see it oversee all water transportation and removal within an 800,000-acre area in Texas ' Smith , Smith and Ward counties . It follows similar agreements made last year with Halcon Resources and NGL Energy Partners .
Five Point Energy - owned WaterBridge has acquired about 44 miles of saltwater pipeline and two disposal wells from Permian Basin driller Concho Resources . The agreement , whose terms were not revealed , will see it oversee all water transportation and removal within an 800,000-acre area in Texas ' Smith , Smith and Ward counties . It follows similar agreements made last year with Halcon Resources and NGL Energy Partners .