WaterBridge

Background

WaterBridge Resources LLC operates produced water pipelines and saltwater disposal wells.

WaterBridge was founded in 2015 by Stephen Johnson and Andrew "Andy" Stephens with up to USD 200 million in funding from Five Point Capital Midstream Fund II LP. Five Point sold a 20% interest in GIC in 2019, and the company acquired the produced water assets of PDC Energy as well as Primexx, Tall City, and Jetta Permian later that year. The last three transactions were funded by $195 million from Five Point Energy and $150 million from Magnetar with the option to contribute an additional $100 million. Steven Jones and Jason Long were promoted to co-CEO positions in May 2020.

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Equity Holdings

Water Management