Tulsa-based NGL Energy Partners LP announced it’s wrapped up its sale of its South Pecos Water Disposal Assets in a nearly $239 million deal.
The buyer is a subsidiary of WaterBridge Resources LLC. NGL plans to use some of the cash proceeds to fund its previously announced acquisition of DCP Midstream LP’s wholesale propane business. It will use the remaining money to partially fund the redemption of its 5.125% Senior Notes due 2019.