EIV-backed H2O Midstream buys Encana's produced water assets
H2O Midstream LLC has acquired Permian Basin produced water infrastructure from the U.S. subsidiary of Calgary energy producer Encana Corp (TSX, NYSE: ECA). Financial terms were not released for the deal, which includes an agreement whereby H2O will gather, dispose and deliver for re-use produced water for a substantial portion of Encana's acreage position in Texas. Houston-based H2O is an energy midstream company with an exclusive focus on water. It is funded by U.S. energy private equity firm EIV Capital and its institutional partners.
15 June 2017•3 mins read
