Sabalo Energy’s Divestiture of Water Assets

Bracewell LLP represented Sabalo Energy, LLC in its divestiture of produced water gathering and recycling infrastructure assets in the Midland Basin to H2O Midstream LLC.

The 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.

Concurrently with the sale, the parties entered into a 15-year acreage dedication for the provision of produced water gathering, disposal and recycling services.

Bracewell advised with a team including Molly E. Butkus (Picture), Dale D. Smith, Steven J. Lorch, Timothy A. Wilkins, John L. Stavinoha III, Jarrod H. Gamble and Catherine B. Engell.

Involved fees earner: Molly Butkus – Bracewell; Catherine Engell – Bracewell; Jarrod Gamble – Bracewell; Steven Lorch – Bracewell; Dale Smith – Bracewell; John Stavinoha – Bracewell; Timothy Wilkins – Bracewell;

Law Firms: Bracewell;

Clients: Sabalo Energy LLC;

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Author: Ambrogio Visconti