H2O Midstream sells midland basin water midstream assets to Delek Logistics

H2O Midstream and EIV Capital announced the execution of definitive agreements for the sale of H2O Midstream to Delek Logistics Partners, LP. H2O Midstream provides gathering, transportation, recycling, storage, and disposal solutions for produced water in Howard County, Texas. “The acquisition of H2O Midstream by Delek Logistics creates a fully integrated multi-commodity midstream platform in the Midland Basin and represents the realization of our vision that produced water can be managed as a true midstream business,” said Jim Summers, co-founder and CEO of H2O Midstream. “This successful eight-year venture was only possible thanks to the incredible support and partnership of EIV Capital and the professionalism and dedication of all H2O Midstream management and employees, who represent some of the best this industry has to offer. I am excited to welcome this new era for oilfield water management under the capable leadership of Delek Logistics.”