NGL Energy Partners LP Announces New Acreage Dedications For Produced Water Transportation And Disposal In The Northern Delaware Basin

NGL Energy Partners LP (NYSE: NGL) ("NGL" or the "Partnership") announced today that the Partnership recently signed separate, long-term produced water transportation and disposal agreements with two large, investment grade producer customers in the...
Author:
Publish date:

NGL Energy Partners LP (NGL) - Get Report ("NGL" or the "Partnership") announced today that the Partnership recently signed separate, long-term produced water transportation and disposal agreements with two large, investment grade producer customers in the Delaware Basin. These agreements include acreage dedications totaling approximately 20,000 acres, from which initial produced water volumes are expected to be received beginning July 2020. The Partnership plans to use its existing infrastructure and significant disposal capacity to service these contracts.

NGL owns and operates the largest integrated network of large diameter produced water pipelines, recycling facilities and disposal wells in the Northern Delaware Basin. The Partnership's Water Solutions segment operates in the Delaware, Midland, Eagle Ford and DJ Basins and handles approximately 1.7 million barrels of produced water per day across its areas of operation.

Forward-Looking Statements

Certain matters contained in this press release include "forward-looking statements." All statements, other than statements of historical fact, included in this press release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with three primary business units: Crude Oil Logistics, Water Solutions, and Liquids and Products. For further information, visit the Partnership's website at www.nglenergypartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200218005259/en/