InstarAGF Asset Management has acquired Oilfield Water Logistics (OWL) alongside its Canadian and international co-investors from NGP Energy Capital Management and NGP Energy Technology Partners and other private shareholders.
OWL’s management team will invest in and continue with the business, a provider of midstream water infrastructure and services primarily within the Permian Basin, which is located in Texas and New Mexico.
Founded in 2014, OWL’s midstream water infrastructure platform provides infrastructure supporting oil production across the midstream water value chain, including produced water gathering, transportation, reuse and disposal primarily in the Delaware Basin, located in Texas and New Mexico, one of the most active and economic oil and gas basins in North America with one of the highest water-to-oil ratios in the United States.
InstarAGF invests in mid-sized essential infrastructure businesses in North America in the energy, utilities and
