Bison has entered into a 15-year water gathering and disposal agreement with Chaparral Energy and its affiliates.
Under the agreement, Bison will exclusively manage all of Chaparral’s produced water infrastructure and water hauling logistics, including any future acreage acquired or operated by Chaparral, within a 1.9 million-acre dedicated area across Canadian, Grady and Blaine counties in Oklahoma.
The buy follows several other water infrastructure deals by Bison in recent months.
In August, the company purchased Overflow Energy’s water infrastructure, permits and development plans in the SCOOP and Merge plays of Oklahoma’s Anadarko Basin. The acquisition helped establish Bison as the only water midstream business with large-scale, integrated water infrastructure in the SCOOP and Merge.
Prior to that, Bison signed a