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
Obsidian to Sell Cardium Assets to InPlay Oil for US$225MM
2025-02-19 - Calgary, Alberta-based Obsidian Energy is divesting operated assets in the Cardium to InPlay Oil for CA$320 million in cash, equity and asset interests. The company will retain its non-operated holdings in the Pembina Cardium Unit #11.
US Energy Corp. Closes Divestiture of East Texas Assets
2025-01-07 - U.S. Energy Corp. said proceeds from the divestiture will be used to fund the company’s industrial gas project in Montana.
Prairie Operating to Buy Bayswater D-J Basin Assets for $600MM
2025-02-07 - Prairie Operating Co. will purchase about 24,000 net acres from Bayswater Exploration & Production, which will still retain assets in Colorado and continue development of its northern Midland Basin assets.
TotalEnergies Closes $1.4B Acquisition of Malaysia’s SapuraOMV
2024-12-10 - TotalEnergies acquired SapuraOMV’s main assets in blocks SK408 and SK310, both located offshore Sarawak in Malaysia.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
2025-02-12 - Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.