Aris Water Options Inc. has added seven years to its water gathering and disposal settlement with ConocoPhillips. Aris stated in a media launch that it has prolonged the first time period of the settlement from Might 31, 2033, to Might 31, 2040.
The phrases of the settlement have remained unchanged, Aris stated. Aris stated it would proceed to offer full-cycle water infrastructure providers to ConocoPhillips, together with recycled water provide, produced water transportation and produced water dealing with operations within the Northern Delaware Basin.
“ConocoPhillips is considered one of our most essential prospects and long-term companions, and Aris has constantly demonstrated its capacity to ship dependable, full-cycle water infrastructure options. This extension represents a big milestone for Aris – lengthening the acreage-weighted remaining time period of our produced water contracts from roughly six years to over ten years”, Amanda Brock, President and CEO of Aris Water Options, stated.
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“This extension additionally gives Aris with substantial long-term income visibility, supported by ConocoPhillips’ extremely financial, multi-decade remaining stock”.
For the second quarter of 2025, Aris anticipates adjusted EBITDA to be on the higher finish of its steerage. The corporate additionally reaffirmed its full-year monetary outlook, supported by constant exercise from long-term prospects in prime acreage.
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