White & Case LLP represented WaterBridge in connection with the Concho transaction. Bracewell LLP represented COG Operating LLC, a subsidiary of Concho Resources Inc., in the sale.
WaterBridge Resources LLC has entered into a long-term produced water management services agreement with and has acquired the produced water assets of COG Operating LLC, a subsidiary of Concho Resources Inc. (“Concho”) in the southern Delaware basin.
Under the terms of the agreements, WaterBridge will manage all of Concho’s produced water transportation and disposal subject to the dedication of operated acres and any future acreage operated by Concho within an 800,000-acre area of mutual interest (“AMI”) in Reeves, Pecos and Ward counties, Texas. The acquired assets include three disposal wells with 45,000 bpd of permitted capacity and approximately 44 miles of pipeline.
Bracewell LLP represented COG Operating LLC with a team including W. Cleland Dade (Picture), Lytch T. Gutmann, Dale D. Smith, Elizabeth L. McGinley, Steven J. Lorch, Aaron P. Roffwarg, Daniel E. Hemli, Troy L. Harder, Timothy A. Wilkins, R. Joe Hull, Tamara L. McKinzie, Jacqueline R. Java, Jay N. Larry, Caitlyn N. Dockendorf and Melanie C. Goebel.
Involved fees earner: Cleland Dade – Bracewell; Caitlyn Dockendorf – Bracewell; Melanie Goebel – Bracewell; Lytch Gutmann – Bracewell; Troy Harder – Bracewell; Daniel Hemli – Bracewell; Joe Hull – Bracewell; Jacqueline Java – Bracewell; Jay Larry – Bracewell; Steven Lorch – Bracewell; Elizabeth McGinley – Bracewell; Tamara McKinzie – Bracewell; Aaron Roffwarg – Bracewell; Dale Smith – Bracewell; Timothy Wilkins – Bracewell;
Law Firms: Bracewell;
Clients: COG Operating LLC;