T&K Advises Oilfield Water Logistics in Acquisition of Saltwater Disposal Wells from GP II Energy

Dallas – Attorneys with the law firm of Thompson & Knight LLP advised Oilfield Water Logistics (“OWL”), a Natural Gas Partners (“NGP”) portfolio company providing fluid management services to the energy industry, in the company’s acquisition of the saltwater disposal wells (“SWD”) and producer contracts of GP II Energy, Inc. (“GP II”). 

J. Holt Foster, III led a team of Thompson & Knight attorneys, including Jesse E. Betts, Anthony J. Campiti, David W. Cias, Christina M. Collins, Hillary E. Lyon, Sam L. Merrill, Courtney Jamison Roane, Debra J. Villarreal, Kenn W. Webb, and R. David Wheat. 

“We’ve had the privilege of providing our strategic legal counsel to OWL for a number of its recent acquisitions in the Permian Basin,” said Holt Foster, a Partner in the Firm’s Corporate and Securities Practice Group and member of the Firm’s Management Committee. “With each transaction, we are able to assist OWL in expanding its presence and reinforcing its commitment to creating a reliable water infrastructure network.”

OWL currently owns 16 saltwater disposal wells and a network of water pipelines with producer contracts, in addition to significant exclusive surface-use agreements in the Permian Basin. The company provides a complete suite of water services to the energy industry including supply, pipeline transport, reclamation, and disposal. For more information, visit http://www.oilfieldwaterlogistics.com/.