Deal Snapshot
GRAVITY TO ACQUIRE ON POINT
Friday 08 November 2019

Texas, US-based water and energy infrastructure company Gravity has agreed to acquire Texas-based Midland Basin-focussed water midstream provider On Point Oilfield Holdings, LLC from White Deer Energy, the company said.
On Point's water infrastructure asset base adds 17 new saltwater disposal wells and more than 432,500 barrels per day of permitted disposal capacity to Gravity's existing water midstream business.


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Details
Date Published: 08/11/2019
Target: On Point Oilfield Holdings
Country: USA
Sector: Petroleum/Natural Gas/Coal
Type: LBO
Status: Agreed
Vendor: White Deer Energy
Buyer: Gravity
Comment:
Terms of the deal were not disclosed

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