WaterBridge to acquire produced water assets of Colgate Energy.

Five Point Energy-backed WaterBridge, a water solutions provider, agreed to acquire produced water assets of Colgate Energy, an exploration and production company. Financial terms are not disclosed. "Colgate's decision to expand their relationship with WaterBridge further validates our position as the water solutions provider of choice in the Delaware Basin. This transaction further enhances our ability to manage and distribute over two million barrels per day of produced and recycled water across our Permian platform," Jason Long, WaterBridge Co-CEO and COO.