Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, on Oct. 17 said it has entered into a 15-year water gathering and disposal agreement with Chaparral Energy Inc. and its affiliates.
Under the agreement, Bison will exclusively manage all of Chaparral's produced water infrastructure and water hauling logistics, including any future acreage acquired or operated by Chaparral, within a roughly 1.9 million-acre dedicated area across Canadian, Grady and Blaine counties.
"We are excited to materially expand our relationship with Chaparral through this long-term water agreement,” said Bison CEO North Whipple. “As part of the arrangement, Bison will construct and manage all of Chaparral's water infrastructure and logistics within these three counties of the Stack and Merge for the next 15 years. We are proud to continue growing alongside our customers by helping them focus on their core businesses, realize cost savings, outsource their infrastructure expenses and achieve unmatched system reliability."
Recommended Reading
NOG: Company Not in ‘Formal Negotiations’ to Buy Granite Ridge
2024-12-23 - Northern Oil and Gas, responding to media reports that it has made two offers for Granite Ridge Resources, said it’s not engage in formal negotiations to buy the company.
Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
2024-12-20 - Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
STEP Energy Services Drops Go-Private Deal as Shareholders Balk
2024-12-20 - STEP Energy Services has terminated its agreement with ARC Energy Fund 8 to go private in an all-cash transaction for CA$5 per share.
Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
2024-12-20 - Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May.
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
2024-12-20 - LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.