Houston-based water infrastructure co. to acquire Centennial Resource assets

Houston-based WaterBridge Holdings LLC is adding to its growing network of produced water infrastructure in the Southern Delaware Basin portion of the Permian Basin.

Denver-based Centennial Resource Development Inc. (Nasdaq: CDEV) will sell its saltwater disposal wells and associated produced water infrastructure in Reeves County, Texas, to WaterBridge for $225 million, according to press releases from the companies. WaterBridge will pay $150 million in cash at closing and an additional $75 million…