Jackson Walker represented H2O Midstream in the acquisition of produced water infrastructure from Sabalo Energy, LLC concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling services to Sabalo. The acquired assets consist of over 37 miles of pipeline, nine salt water disposal wells, four Ellenburger salt water disposal well permits, and several third-party interconnects. Financial terms were not disclosed.
In H2O Midstream’s news release, Chief Executive Officer Jim Summers stated, “The acquisition of Sabalo’s water infrastructure is an important step in realizing our vision of being the premier integrated water midstream provider in the Permian Basin. The scale of our produced water ‘supersystem’ in the Midland Basin, coupled with our University Lands partnership in the Delaware Basin, allows us to provide our customers with an unmatched level of service, flexibility, and reliability as they have put their trust in our hands.”
Based in Houston with offices in Big Spring and Austin, H2O Midstream is committed to providing best in class water midstream services to its customers through the use of permanent infrastructure and interconnected gathering, disposal, storage and re-use facilities.
The Jackson Walker team was led by Kirk Tucker and included Stephanie L. Chandler, Leonard H. Dougal, Carl E. Glaze, Ryan K. Holm, Ronald D. Kerridge, Bruce J. Ruzinsky, Noah Speck, Nathan T. Smithson, and Peter K. Wahl.
Founded in 1887, Jackson Walker continues to advance the world of business by helping companies of all sizes navigate today’s increasingly complex, interconnected legal landscape. With more than 400 attorneys across seven offices, we are the fourth-largest law firm in the state and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions. To explore the Firm’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit the Corporate & Securities practice page.