WaterBridge NDB, a portfolio company of Five Point Energy, has announced the formation of NDB Midstream, a strategic partnership with WPX Energy Permian, a subsidiary of Devon Energy Corp.
The partnership between two technical leaders — WaterBridge NDB, within the produced water handling sector, and Devon, with 50-plus years of innovation in oil and gas — yields the largest private water infrastructure system in the prolific Stateline region of the Delaware Basin in Loving County, Texas, and Lea and Eddy counties in New Mexico.
In connection with the transaction, Devon and NDB Midstream entered into a long-term agreement pursuant to which Devon has committed all of its produced water within a large area of mutual interest, including an initial dedication of 52,000 acres, and contributed to NDB Midstream 18 SWDs with 375,000 bpd of permitted capacity and 210 miles of produced water pipelines for gathering, transportation, disposal and reuse. As part of the transac
