Concord Acquires Water Asset in Powder River Basin

Concord Acquires Water Asset in Powder River Basin

January 23, 2018 Industry Updates

Concord Energy Acquires Water Asset

Denver, CO: Concord Energy is pleased to announce the acquisition of a coalbed methane (CBM) water asset in the Powder River Basin. The transaction closed on December 14, 2017. The water system includes a pipeline and pump stations capable of transporting 400,000 barrels a day over 60 miles in Wyoming, allowing Concord to provide water services to oil and gas operators and communities in the area. Concord will work with oil and gas operators to ensure the pipeline is used to reduce the environmental impact on the Powder River Basin’s natural resources.

Concord’s water division is an extension of our core business – Producer Services. To learn more about Concord’s Produced Water Services and Concord Producer Services, visit our website.

About Concord:

Concord is an energy commodities marketing, logistics and trading company focused on growth in the North American energy markets. We are a producer-focused, first purchaser and industry leader in energy distribution. For more information, go to http://www.concordenergy.com/

Media Contact:
Concord Energy Holdings, LLC
Hannah McPherson
303.468.1900
Hannah.McPherson@concordenergy.com