NEW YORK ( The Deal) -- Tulsa, Okla., energy transporter and propane marketer NGL Energy Partners ( NGL) said Friday, Aug. 2, it acquired the water disposal and hauling business of Oilfield Water Lines, a partnership with High Roller Wells and Dallas billionaire Mark Cuban's Mark Cuban Cos., for $239.2 million. The price included 2.5 million units worth $71.2 million at Thursday's close and $168 million in cash. The consideration may be increased by as much as $60 million if the assets being acquired hit certain EBITDA targets. NGL said the acquisition expands its water services business by adding four high capacity oil and gas water disposal facilities to its water treatment and gathering infrastructure and 90,000 barrels per day of additional disposal capacity in the growing Eagle Ford Shale in South Texas. Jim Winter, NGL's senior VP of water services, said the transaction will boost its number of saltwater disposal wells in the Eagle Ford to 10 from 6 so that it can provide disposal service to producers throughout the area as well as 55 water trucks. Oilfield Water Lines CEO Chris Cooper will join NGL. As a result of the deal, NGL is boosting its 2014 adjusted EBITDA guidance to $255 million to $260 million versus $240 million to $245 million. For the 12 months ending March 31, 2015, NGL expects adjusted EBITDA from the transaction to exceed $35 million. If the assets generate adjusted EBITDA of more than $40 million on an annualized basis during any six month period after the acquisition, the price will be increased by six times the amount by which the target is exceeded, or up to $60 million. NGL was formed in 2010 when Hicks Oils & Hicksgas merged with NGL Supply, a supplier of propane and other natural gas liquids backed by Denham Capital Management. It went public in May 2011. NGL has been a busy acquirer over the years. It picked up Pecos Marketing & Gathering from the Jensen family in November for $150 million, High Sierra Energy from Tortoise Capital Resources in May 2012 for $693 million, SemGroup' s propane business in February 2012 for $300 million and SemStream, the natural gas liquids business of SemGroup, in August 2011 for about $282 million.