White & Case advises Devon Energy to form strategic Delaware Basin – produced water partnership with WaterBridge NDB

Global law firm White & Case LLP has advised Devon Energy on its formation of NDB Midstream LLC, a strategic partnership between WaterBridge NDB LLC, a portfolio company of Five Point Energy LLC, and WPX Energy Permian, LLC, a subsidiary of Devon Energy Corp. 

The partnership between two technical leaders, WaterBridge NDB, within the produced water handling sector, and Devon, with 50-plus years of innovation in oil & gas, yields the largest private water infrastructure system in the prolific Stateline region of the Delaware Basin in Loving County, Texas, and Lea and Eddy counties in New Mexico. 

The White & Case team was led by M&A partners Mingda Zhao and Emery Choi (both in Houston), and included Antitrust partner Rebecca Farrington (Washington, DC); Tax partner Scott Fryman (New York) and associate Neil Clausen (Houston); Project Development and Finance partner Daniel Hagan, and associates John Forbush (both in Washington, DC) and RJ Colwell (Houston); Real Estate partner Jason McCoy (Houston); and M&A associates Helen Xiang and Sam Spiers (both in Houston).

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