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

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.