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 .
Five Point Energy-backed WaterBridge has acquired about 44 miles of saltwater pipeline and three disposal wells from Permian Basin driller Concho Resources. The deal, whose terms were not revealed, will see WaterBridge oversee all water transportation and removal within an 800,000-acre area in Texas' Reeves, Pecos and Ward counties. It follows similar agreements made last year with Halcon Resources and NGL Energy Partners.