Waterbridge Infrastructure Llc's Business Segments

The company operates in the oil and natural gas exploration and production industry, specializing in water management services primarily within the Delaware Basin in West Texas and southeastern New Mexico. Its core operations include handling produced water extracted alongside crude oil and natural gas, providing facilities for treatment, handling, disposal, and recovery of skim oil from produced water. The company also offers completion services that prepare wells for production by injecting high-pressure fluids mixed with proppants to enhance reservoir permeability. Its clients consist of exploration and production companies, including producers and operators, with contracts concentrated among a limited number of customers mainly in the Delaware Basin. Additionally, the company manages mineral interests that grant rights to explore, develop, produce, or lease oil and natural gas resources. Growth strategies include organic projects and acquisitions. The company is affiliated with entities such as Desert Environmental LLC, Desert Environmental Holdings LLC, Devon WB Holdco L.L.C., and Elda River Infrastructure WB LLC, many of which are portfolio companies of funds affiliated with Five Point. The company faces risks related to commodity price volatility, competition, regulatory changes, and challenges in expanding capacity and maintaining favorable contracts.

The Company operates within a single operating and reportable segment, with all assets located in the United States. Management is organized by function rather than by legal entity, and the executive team oversees the Company as a whole. Resource allocation is conducted on a project basis across the Company, without consideration of geographic location, and is influenced by factors such as return on investment, market conditions, availability of services and human resources, and contractual commitments. The Chief Executive Officer serves as the chief operating decision maker (CODM), allocating resources and evaluating performance based on consolidated financial information, primarily net income or loss. Segment assets are reported as total assets on the consolidated balance sheets, and expenditures for additions to long-lived assets are reflected in the consolidated statements of cash flows. All significant segment expenses and performance metrics used by the CODM are included in the consolidated statements of operations, with no separate expense reports provided.