Sidley is representing XRI Holdings, LLC (XRI), a portfolio company of Morgan Stanley Energy Partners and the leading full-cycle water management and midstream company with fixed infrastructure owned throughout the Permian Basin, in its acquisition of the produced water infrastructure assets of Hibernia Energy III, LLC (Hibernia) through its wholly owned subsidiary, Celtic Disposal, LLC.
Through this transaction, XRI will become the long-term provider of all Hibernia’s water related services, including delivery of completions water and handling of produced water.
The Sidley team was led by partner Tim Chandler and senior counsel Glenn Pinkerton, with support from associates Alex Tanton and Brian DiFilippo. The team also included partners Daniel Allison, Heather Palmer (Environmental), and Zackary Pullin (Tax), counsel Scott Goldstein, and associates Andy Chen and Kevin Carson.