Skip to content
  1. Home
  2. News
  3. Gravity to Acquire Permian Basin Focused Water Midstream Gathering and Disposal Company On Point

Gravity to Acquire Permian Basin Focused Water Midstream Gathering and Disposal Company On Point

Deals & Cases
November 6, 2019

Vinson & Elkins advised Gravity, a leading water and energy infrastructure company backed by affiliates of Clearlake Capital Group, L.P., in a definitive agreement to acquire On Point Oilfield Holdings, LLC (“On Point”) from White Deer Energy. On Point is a contracted produced water midstream company focused on gathering and disposal operations in the Midland Basin. 

Gravity’s acquisition of On Point will create the largest commercial produced water disposal company by injection volumes in the Midland Basin. 

The V&E corporate team was led by partner Matt Strock with assistance from associates Mike Marek and Farah Chranya.

About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

For more information, please speak with our media contacts.

Key Contacts