WaterBridge Holdings LLC is continuing to build on its extensive portfolio of produced water infrastructure in the Permian Basin.

Backed by private equity firm Five Point Energy, the midstream company recently completed a transaction to acquire Colgate Energy LLC assets in the Delaware sub-basin that it snagged in June from Occidental Petroleum Corp. (Oxy). Financial details were not disclosed.

“Colgate’s decision to expand their relationship with WaterBridge further validates our position as the water solutions provider of choice in the Delaware Basin,” said WaterBridge Co-CEO Jason Long. “This transaction further enhances our ability to manage and distribute over 2 million barrels/day of produced and recycled water across our Permian platform.”

Like other...