Published: October 5, 2020 |

[Click image to enlarge]

Blackbuck Resources has closed on a transaction to purchase Cimarex Energy’s Whites City water infrastructure in Eddy County, New Mexico.

The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. As part of the sale, Cimarex has agreed to a 15-year acreage dedication in the Whites City area, which encompasses more than 40,000 acres, for the gathering, disposal and recycling of its produced water.

“This investment represents another significant milestone for Blackbuck, further validating our unique value proposition and industry-leading platform,” said Justin Love, CEO of Blackbuck Resources.

“We are excited to establish long-term alignment with Cimarex, a company which continues to demonstrate and build on its strong reputation as a thought leader in our industry. This acquisition will significantly grow our Delaware Basin platform and overall footprint, further enhancing Blackbuck’s ability to provide our customers economic and reliable water management solutions,” added Love.

About Blackbuck Resources
Based in Houston and Midland, BBR designs, builds, and operates water infrastructure and provides services for the oil and gas industry, with a primary focus on the Permian Basin. The team is comprised of professionals with experience in water disposal and treatment, pipeline management and oil and gas operations. BBR is backed by private equity sponsor Cresta Funds Management.

To stop by Blackbuck’s website, CLICK HERE

Be in-the-know when you’re on-the-go!

CLICK HERE to register your email address.

Copyright © 2020 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)