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Tuesday, Sep 3
NGL Energy Partners acquire Eagle Ford water disposal business
- NGL Energy Partners (NGL -0.5%) acquires the water disposal business of Coastal Plains Disposal #1 for ~222K common units and $109.5M in cash.
- The acquisition includes three high capacity water disposal facilities and an option to acquire a fourth facility under development which is expected to be operational prior to the end of the year.
- NGL's existing footprint already includes 240K bbl/day of water disposal capacity located throughout the Eagle Ford play in Texas.