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.
“RRIG Water Solutions understands that the most expensive water in the oil patch is the water that never arrives,” said Stratton Haley, president of RRIG Water Solutions. “With that in mind, we are committed to investing in pipeline infrastructure to improve access to large volumes of water throughout the Permian Basin. By delivering water to large central facilities and directly to well pads through pipelines instead of relying on trucks, we are doing our part to help producers lower drilling and completion costs, raise operational efficiency, and improve health, safety and environmental conditions in the oilfield.”