Page 14 - NorthAmOil Week 37 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

play, where we have been active over the oilfield in Crockett County, Texas. HNRI is Energy to acquire the produced water
last 12 months. These assets will provide the currently reviewing possible acquisitions of infrastructure associated with Colgate’s
company increasing cash flow and natural gas producing oil and gas properties in addition recent asset acquisition from Occidental. In
volumes in the near-term with compelling to operating its water treatment facilities connection with the acquisition, WaterBridge
upside potential and are located under some operated by its subsidiary HNR Oil Services. and Colgate have entered into a new 15-year
of the top operators with active drilling The company has taken delivery of new produced water management agreement
programs in the play.” equipment to double capacity in the fourth for all of Colgate’s operated acreage within a
PHX MINERALS, September 16, 2021 quarter at the water treatment facility. HNR significantly expanded area of mutual interest
Oil Services has independently appraised in Reeves and Ward Counties, Texas.
HNRC projects strong third value of $7,600,000 in equipment and permits handling facilities and associated water
The acquired assets include 10 water
that are valued a $0.49 per share.
quarter earnings the value on the total of $9.67 per share in midstream infrastructure with aggregate
The company intends to focus on realising
handling capacity of approximately 100,000
Houston Natural Resources Corp. announced assets held by its subsidiaries for the benefit bpd, as well as approximately 50 miles of
today that it expects to report strong results of the shareholders. The strategy may include produced water pipelines. WaterBridge
for the quarter ending September 30, 2021. asset sales, a spin-off of one or more of its will manage the newly acquired produced
The company’s net assets have increased subsidiaries and dividends to shareholders. water infrastructure and integrate these
by more than 100% to $73,446,688 over the HOUSTON NATURAL RESOURCES CORP., assets into its broader southern Delaware
last three years. The company’s net asset value September 14, 2021 platform. Further, WaterBridge and Colgate
is $4.76 per share for the period ending June have consolidated existing produced water
30, 2021. The company intends to continue to management contracts into a new produced
acquire additional assets over the next three SERVICES water management services agreement
years. whereby Colgate has dedicated all of the
The company’s revenues have increased WaterBridge announces operated acreage recently acquired from
by more than 150% to $7,614,534 over the Occidental, as well as the legacy Colgate and
last six months from the previous year and strategic acquisition of Luxe Energy acreage previously dedicated to
net income increasing by more than 250% to WaterBridge. Subsequent to this transaction,
$4,006,260. produced water assets Colgate will have over 86,100 gross operated
The company expects its third quarter acres dedicated to WaterBridge in the
earnings to exceed current projections. and expanded dedication southern Delaware Basin.
In addition, the company’s subsidiary “Colgate’s decision to expand their
Houston Natural Resources, Inc (HNRI) has with Colgate Energy in the relationship with WaterBridge further
independently appraised value of $69,000,000 validates our position as the water solutions
in proven reserves that are valued at $4.47 per Delaware Basin provider of choice in the Delaware Basin,”
share. says Jason Long, Co-Chief Executive Officer
HNRI has acquired approximately 2,800 WaterBridge Holdings announced today and Chief Operating Officer of WaterBridge.
acres of oil and gas leases located in the Halff that it has closed a transaction with Colgate “This transaction further enhances our ability

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