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Access here alternative investment news about Halcón Resources Sells Permian Water Infrastructure For $325M - Houston Chronicle
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Halcón Resources Sells Permian Water Infrastructure For $325M - Houston Chronicle

by chron.com posted 2months ago 36 views
Oil and gas driller Halcón Resources is selling its West Texas water infrastructure for $325 million. The Colorado-based company's water resources in the Permian Basin included dozens of miles of pipes, production capacity of at least 100,000 barrels of water a day and nearly 8 million barrels of freshwater and produced or recycled water storage. Included in the deal are water recycling facilities totaling 170,000 barrels of water a day. Oil and gas companies in the Permian have been turning to recycling their produced water in order to reuse it and reduce water costs.