WaterBridge Raises $345 Million for Permian Expansion

While drilling activity in the Permian has been cooling in recent months, the business of supplying water to shale producers in the biggest U.S. oil patch — and disposing of the wastewater — continues to attract private equity. Spending on oilfield water management in the U.S. is forecast to average $17 billion per year in 2019 through 2028, according to a recent report from Bluefield Research.