HOUSTON – Bracewell LLP represented COG Operating LLC, a subsidiary of Concho Resources Inc., in Concho’s contribution of 13 salt water disposal wells and approximately 40 miles of large-diameter produced water gathering pipelines to Solaris Water Midstream, LLC (Solaris) in exchange for cash and equity in Solaris Midstream Holdings, LLC, the parent of Solaris.
In addition, the parties entered into a long-term produced water management agreement in which Solaris will manage Concho’s produced water gathering, transportation, disposal and recycling for an area covering approximately 1.6 million acres primarily located in Eddy County, New Mexico.
For additional information on the deal, please click here.
Bracewell lawyers involved in this transaction included:
Partners: W. Cleland Dade, Lytch T. Gutmann, Dale D. Smith, Elizabeth L. McGinley, Steven J. Lorch, Aaron P. Roffwarg, Daniel E. Hemli and Timothy A. Wilkins
Counsel: Tamara L. McKinzie and Jacqueline R. Java
Associates: Catherine B. Engell and W. Jared Berg