Lagoon Water Midstream & Water Energy Services(WES) Scoop Up Permian Basin Assets
A pair of active water management players have completed separate deals to expand their individual offerings in the Permian Basin of west Texas. Lagoon Water Midstream has closed a deal to acquire Double Drop Resources, a water management company located in the Midland Basin. With ongoing support from Macquarie Infrastructure Partners, the purchase expands Lagoon’s operations and establishes it as a multibasin water management company with a presence in the heart of the Permian. Lagoon will take on all Double Drop employees, will maintain an office in downtown Midland, and has near-term plans to add additional disposal and water recycling facilities in the basin.
Elsewhere, Water Energy Services purchased the Fluid Management Services(FMS) Business from Key Energy Services. WES provides water logistics services, fluid containment, oil reclamation, saltwater disposal(SWD), and water recycling in the Eagle Ford Shale and the Permian Basin.
Source: Journal of Petroleum Technology
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