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Occidental is set to acquire CrownRock for $12 billion in the third quarter of 2024. The acquisition was initially expected to close in the first quarter but was delayed due to additional information requested by the Federal Trade Commission. The deal will allow Occidental to expand its presence in the Midland Basin and increase its Permian production by 170,000 barrels of oil equivalent per day. This will be Occidental's first acquisition since the Anadarko Petroleum transaction in 2019. [Extracted from the article]

New Jersey American Water, a subsidiary of American Water, has purchased the water and wastewater systems of the City of Salem, New Jersey for $18 million. These systems serve over 2,300 water and wastewater customers. The New Jersey Board of Public Utilities approved the acquisition, allowing the company to provide service to Salem City customers. As part of the agreement, New Jersey American Water has committed to investing over $50 million in improvements over the next decade. This acquisition is the company's sixth in the past six years. [Extracted from the article]

Infrastructure Ontario (IO) has released its latest market update for June 2024, which includes 25 projects. Of these, 19 are in the pre-procurement stage and 6 are in active procurement. Additionally, there are 17 government-announced projects in the early planning stages. These projects span various sectors, including transit and transport, health care, and public works. The full list of projects can be accessed through IO's website. [Extracted from the article]

The state of Hawaii has confirmed that the Request for Proposals (RFP) process for the Aloha Stadium Entertainment District (NASED) Public-Private Partnership (P3) project will continue as planned, despite one of the two bidders dropping out. Waiola Development Partners (WDP) withdrew from the RFP process, leaving Aloha Halawa District Partners (AHDP) as the sole bidder. The Department of Accounting and General Services (DAGS) stated that WDP's withdrawal does not impact the RFP process, and the stadium is still on track to open for the 2028 football season. AHDP, the remaining bidder, is a consortium consisting of various development, design, and construction companies. The deadline to submit proposals is this summer, with the final agreement expected to be executed in summer 2025. The NASED project has undergone several iterations since its launch in 2020, and the state has enlisted the services of WT Partnership, O'Melveny & Myers, and Crawford Architects as advisers for the project. [Extracted from the article]

Texas-based USD Partners (USDP) is seeking buyers for its Hardisty Rail Terminal in Alberta, Canada. The company entered into a forbearance agreement with lenders, which requires the sale of the terminal by the end of the year. The terminal is an origination point for Canadian crude oil, which is loaded onto railcars for transport to end markets. The sale does not include the diluent recovery unit (DRU), which is jointly owned by Gibson Energy and US Development Group. USDP acquired the terminal assets in 2022 and has a designed takeaway capacity of approximately 262,500 barrels per day. [Extracted from the article]

SM Energy, a Colorado-based company, has agreed to purchase the Uinta Basin oil and gas assets in Utah from XCL Resources for $2.55 billion in cash. Northern Oil and Gas will acquire 20% of the XCL assets for $510 million, resulting in a net purchase price of $2.04 billion for SM. The acquisition will be funded through a combination of debt and cash on hand, with firm commitments from JP Morgan, Bank of America, and Wells Fargo. The transaction is expected to close in September 2024 and will add 37,200 net acres, production of 43 thousand barrels of oil equivalent, and 107 million boe preliminary proved reserves to SM's portfolio. XCL Resources is a Houston-based independent oil and gas company backed by EnCap Investments and Rice Investment Group. [Extracted from the article]

Elisabeth Hivon has been appointed to the board of directors of the Canada Infrastructure Bank (CIB) by Sean Fraser, the minister of housing, infrastructure, and communities of Canada. Hivon brings extensive experience in public-private partnerships (P3s) from her previous roles at Meridiam, SNC-Lavalin, and Dessau. She has been involved in various P3 projects, including the OSM Concert Hall in Montreal, the Southeast Stoney Trail project in Calgary, and the South Fraser Perimeter Road project in British Columbia. In addition to Hivon, Fraser has also appointed Janis Byrne, Vince Gasparro, and Hari Subramaniam to the CIB's board, each bringing expertise in different fields. These appointments aim to support the CIB's investment in infrastructure projects that will contribute to housing, job creation, economic growth, and achieving net-zero emissions by 2050. [Extracted from the article]

The City of Columbia in South Carolina has issued a Request for Proposals (RFP) to find a private partner to upgrade its Metro wastewater treatment plant (MWWTP) in order to produce renewable natural gas (RNG). The city aims to reduce biogas flaring, decrease greenhouse gas emissions, generate revenue from the sale of biogas and environmental attributes, and maintain safety at the plant. The MWWTP currently produces biogas, but most of it is flared. The city wants to convert this biogas into RNG and inject it into Dominion Energy's natural gas pipeline. The preferred bidder will own and operate the gas upgrading facility and associated infrastructure. [Extracted from the article]

Sempra has signed a non-binding Heads of Agreement (HOA) with Saudi Arabia's Aramco for a 20-year LNG sale and purchase agreement (SPA). Under the agreement, Aramco will receive 5 million tons per annum (mtpa) from Sempra's Port Arthur LNG Phase 2 expansion project and will also have a 25% stake in the project-level equity of Phase 2. The Port Arthur LNG terminal is located in Southeast Texas and is currently under construction. This agreement marks Aramco's entry into the LNG sector and is a significant step in their strategy to become a global player in the industry. [Extracted from the article]

TXO Partners, a Texas-based master limited partnership, has agreed to purchase oil assets in Montana and North Dakota for $243 million in cash and 2.5 million common units. The transactions are expected to close in the third quarter of 2024, pending customary closing conditions. This acquisition will increase TXO's production by 4,500 daily barrels of oil equivalent and add 17,000 Mboe of proved developed reserves. TXO believes that these assets align with their expertise and capital allocation strategy and will contribute to cash flow and distributions. [Extracted from the article]

Greenberg Traurig has hired James Grogan as a shareholder in its Houston office. Grogan has almost 25 years of legal experience and has represented both company and creditor clients in complex financial restructurings, bankruptcy cases, and out-of-court workouts. He has worked with various companies in the infrastructure sector, including Castex Energy, Pioneer Energy Services, and Cypress Energy Partners. Grogan's practice focuses on sectors such as oil and gas, healthcare, fintech and payments, corporate finance, technology, media, and telecoms. Greenberg Traurig's executive chairman, Richard Rosenbaum, stated that Grogan's addition aligns with the firm's strategic approach to expanding its offerings with industry-leading practitioners in restructuring and bankruptcy practice in Texas. [Extracted from the article]

White & Case has hired Peter Berg as a partner in its project development and finance practice in Houston. Berg has extensive experience in advising owners, developers, and lenders on global energy projects, including renewable energy projects. He specializes in first-of-a-kind projects such as long distance HVDC transmission, green and blue hydrogen, carbon capture, RNG, solar, and wind. Berg also provides counsel on construction, procurement, and related agreements, as well as procurement strategies. [Extracted from the article]

Kinetik, a midstream natural gas company, has completed its acquisition of Durango Permian, a gas gathering and processing business in the Permian Basin, for $765 million. The acquisition was funded by the sale of Kinetik's equity interest in the Gulf Coast Express pipeline. The deal includes cash, shares of Kinetik Class C common stocks, and a contingency fund for the construction of a processing complex in New Mexico. With this acquisition, Kinetik will own and operate over 4 billion cubic feet per day of processing capacity and 4,600 miles of pipelines across 8 counties. Durango's assets are complementary to Kinetik's existing operations and expand its presence in New Mexico. The combination of assets is expected to result in operating synergies and future growth opportunities. [Extracted from the article]

The $2.5 billion bond financing for JFK's New Terminal One (NTO) is set to close soon after being priced in the municipal market. The tax-exempt financing was initially targeted at $1.5 billion but was later increased to $2.5 billion. The transaction was rated BBB- by Fitch and Baa3 by Moody's. In December 2023, a portion of the NTO project cost was refinanced with $2 billion worth of fixed-rate green bonds, with $800 million insured by Assured Guaranty Municipal. The financing structure for JFK's NTO includes a term loan, liquidity facility, working capital facility, security deposit facility, sponsor equity, and LCs. The project is expected to secure the full amount by summer 2025. [Extracted from the article]

The University of Mississippi has chosen Brailsford & Dunlavey to provide consulting services for potential public-private partnership (P3) development projects. The university is considering projects such as additional student residence halls, parking structures, faculty and staff housing, and projects that align with the university's mission. The P3 arrangement could involve private development through a ground lease or private equity investment. Brailsford & Dunlavey will conduct market and feasibility studies, evaluate proposed projects, identify barriers to P3 implementation, and assist in the accomplishment of the P3 project. [Extracted from the article]

The Ports of Indiana Commission has approved the launch of "The Indiana Container Initiative" to develop international container terminals in Indiana. The initiative aims to establish container facilities, pursue regulatory approvals, make investments, and explore international best practices to promote global container shipments. The CEO of Ports of Indiana sees this initiative as a way to elevate Indiana's role in global trade and create economic and public benefits. The Ports of Indiana operates multimodal facilities and railroads, and the commission chairman emphasizes the importance of containerized freight for international trade and expanding the state's ports. [Extracted from the article]

Saturn Oil & Gas has completed its acquisition of oil producing assets in Saskatchewan for C$600 million from Veren. The acquired assets are located in Flat Lake and Battrum and are estimated to produce 13,500 barrels of oil equivalent per day for the next 12 months, generating around $210 million of net operating income. Saturn funded the transaction using proceeds from its high yield note offering and bought deal subscription receipt financing. They have also secured a $150 million reserves-based loan facility. Veren will use the proceeds to pay down debt. [Extracted from the article]

Daniel Tristan has returned to Norton Rose Fulbright as a corporate finance partner in their Houston office. He previously worked at A&O Shearman for 3 years and Baker Botts for over 4 years. Tristan specializes in the energy industry and provides advice on various financing transactions, including working capital credit facilities, asset-based financings, and project finance. Stephen Castro, the firm's US head of finance, believes that Tristan's experience will enhance their corporate finance practice and complement their corporate and energy practices. [Extracted from the article]

The Wayne County Airport Authority in Michigan has issued a Request for Qualifications (RFQ) to find a private partner for a logistics warehouse at the Detroit Metropolitan Wayne County Airport. The airport is looking for a partner to design, build, finance, operate, and maintain the warehouse, which will handle goods and merchandise for the airport terminals. The project aims to create a more efficient route to the terminals, reduce travel times, and repurpose storage space in the passenger terminals. The selected bidder will have the option to provide lease buy-out options, as the authority plans to purchase the facility. [Extracted from the article]

Houston-based Phillips 66 has sold its 25% stake in the Rockies Express Pipeline (REX) to Tallgrass Energy for $1.3 billion. Tallgrass Energy is the operator of REX and now owns 100% of the pipeline. REX is one of the largest natural gas pipelines in the US, spanning 1,714 miles and providing bi-directional natural gas transport service between the Rockies, Appalachia, and the northeastern US. The sale will generate $685 million in pre-tax cash proceeds for Phillips 66, which will be used to support strategic priorities and returns to shareholders. This sale is part of Phillips 66's commitment to divest over $3 billion in assets. [Extracted from the article]

Oneok, an Oklahoma-based company, has completed the acquisition of 450 miles of natural gas liquid (NGL) pipeline from Easton Energy for $280 million. These pipelines are located in the Gulf Coast markets for NGL, crude oil, and other refined fuel products. Oneok will connect these pipelines to its existing infrastructure in Texas. Easton will retain its storage business in Markham, Texas. This acquisition expands Oneok's asset portfolio and enhances its ability to capture commercial synergies. [Extracted from the article]

Cypress Creek Renewables, a solar company based in California, has hired Michael Discenza as their interim CFO. Discenza previously worked at Transurban for over 7 years, serving as acting president of North America. He has experience in overseeing strategic planning, development, construction, and financial operations of toll road businesses. Discenza has also worked in various roles in investment management, providing strategic advice and supporting growth initiatives in different sectors such as infrastructure, finance, technology, and development. [Extracted from the article]

The city of Kingman, Arizona has issued a Request for Proposals (RFP) for its municipal airport Public-Private Partnership (P3) project. The RFP deadline is July 8, 2024. The city is seeking a master developer to develop approximately 339 acres of aeronautical land at the airport. The preferred bidder should have experience in various aspects of aeronautical commercial development, including site planning, design, market analysis, and construction management. The RFP can be viewed on the IJGlobal website. [Extracted from the article]

King & Spalding has rehired structured finance partners Katie Weiss and Martin Eid to their finance and restructuring practice in New York. Both Weiss and Eid previously worked at King & Spalding before joining Milbank. Weiss specializes in complex securitizations, with a focus on digital infrastructure assets and whole business securitizations. Eid has over 15 years of experience advising financial institutions and corporate issuers on securitization matters, including digital infrastructure, whole business, and media royalty. Their return is seen as a positive move for King & Spalding's finance and restructuring team, as asset-backed credit and complex securitization are experiencing strong growth. [Extracted from the article]

Google has announced plans to invest an additional $2.3 billion in its three data center campuses in central Ohio. This brings the total investment by the technology giant in Ohio data centers to over $4.4 billion since 2019. The company previously committed $1.7 billion in 2023 and $1 billion in 2021 for data center expansions in the state. Google's data centers in Ohio serve multiple customers, including the State of Ohio, Nationwide, Huntington Bancshares, Victoria's Secret, and Wendy's. Ohio Lieutenant Governor Jon Husted has praised Google's investment, stating that it solidifies central Ohio as an important tech hub in America. [Extracted from the article]

David Lindsay has been reappointed as the chair of Infrastructure Ontario's board of directors for another 3 years. Lindsay previously served as the president and chief executive of the Council of Ontario Universities for nearly 9 years and has extensive experience in the public sector, including serving as deputy minister for various ministries. He has also held positions as the president and chief executive of the Ontario SuperBuild Corporation, overseeing infrastructure investments and privatizations. [Extracted from the article]

Infrastructure Ontario (IO) is seeking a facilities management adviser for the new Ontario Science Centre facility. The deadline to respond to the solicitation is July 5, 2024. Earlier this year, IO issued a request for qualifications for a private partner to design, build, finance, and maintain the facility. The new facility will have 200,000 square feet of newly built space and 80,000 square feet of renovations, with a 30-year concession term. The selected adviser will help develop facilities management output specifications for the project agreement. [Extracted from the article]

Jerry Jannetti has been promoted to lead WSP's US transport and infrastructure business in Tampa, Florida. In his new role, Jannetti will be responsible for project delivery and operating performance. He has been with WSP for 30 years and has held various leadership positions in the transport industry. Jannetti has overseen major projects in the Northeast, including the Champlain Hudson Power Express power transmission line, East Side Access and Second Avenue Subway in New York City, B&P Tunnel Replacement in Maryland, and Purple Line light rail in Maryland. Before joining WSP, he worked at the Maryland State Highway Administration for over a decade. [Extracted from the article]

Venture Global has signed an agreement with DTEK Group to supply US liquefied natural gas (LNG) to Ukraine and Eastern Europe. Under the agreement, DTEK subsidiary D TRADING will purchase LNG from Venture Global's Plaquemines LNG facility in Louisiana from 2024 to 2026. The agreement also includes the purchase of up to 2 million tonnes per annum of LNG from Venture Global's CP2 LNG facility for 20 years. This partnership aims to support Ukraine's short-term energy security needs and contribute to the region's economic growth. [Extracted from the article]

Rob Guthrie has been appointed as the new CEO of Bernhard, a privately-owned infrastructure firm. He previously served as the chief development officer and brings over 20 years of industry experience to the role. Guthrie will be replacing Ed Tinsley, who will be moving into a new role within the company's development division. Tinsley praised Guthrie's leadership and vision, stating that he is well-equipped to lead the company in the face of industry changes towards carbon neutrality and renewable energy. [Extracted from the article]

The University of Windsor in Ontario, Canada, is seeking a private partner to redevelop one of its student housing facilities through a public-private partnership (P3) or a similar structure. The university has issued a Request for Pre-Qualification (RFPQ) and the deadline for questions is June 17, with the deadline for responses being July 2, 2024. The Residence West Hall building is the target for redevelopment, and the university currently has three residence buildings on its campus: Laurier Hall, Cartier Hall, and Alumni Hall. The university also has plans to build a new student residence through a P3 with Tilbury Capital, a local real estate investment, development, and management company. [Extracted from the article]

Everest Infrastructure Partners has acquired West Virginia-based CNS Microwave, along with a portfolio of wireless communication tower assets, from TC Energy. The portfolio consists of over 75 towers located in Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, and Maryland. The majority of rental income, 83%, comes from AT&T, Verizon, and T-Mobile. Everest is a privately-owned operator of telecoms infrastructure and currently owns over 2,500 communication towers in the US, Australia, New Zealand, and Portugal. Since its establishment in 2015, Everest has raised over $1.5 billion in capital commitments. [Extracted from the article]

North Carolina-based internet provider Ripple Fiber has partnered with alternative investment firm Post Road Group to expand its fiber optic network across the United States. The partnership will fund the rapid expansion of multiple networks, with the goal of deploying over 400,000 homes by December 2025. The collaboration aims to bring future-proof fiber optic technology to more communities and is supported by investment holding company Platform Investment Partners. Post Road Group is committed to supporting initiatives that drive the expansion of fiber optic network deployment. [Extracted from the article]

Investment firm CIM Group has closed on a $125 million loan to Applied Digital, with the potential to increase the financing to $200 million. The loan will be used to fund the construction of Applied Digital's high-performance computing (HPC) campus in Ellendale, North Dakota. The campus will provide massive computing power and support HPC applications with over 600MW of future capacity. CIM Group, a long-term investor in digital infrastructure, supports Applied Digital's efforts to diversify into next-generation digital infrastructure. Legal advisers for Applied Digital are Milbank and Lowenstein Sandler, while CIM Group is advised by Simpson Thacher & Bartlett. [Extracted from the article]

The City of San Jose has selected Arup as the P3 consultant for its San Jose-Santa Clara Regional Wastewater Facility. The city council voted to execute an agreement with Arup to procure, negotiate, and monitor a public-private partnership (P3) for the development of a biosolids processing facility at the wastewater facility. The contract has a 2-year term with the option to extend. The city had launched a solicitation in January to seek firms interested in providing advisory services for the P3 implementation. [Extracted from the article]

Saul Ewing, a law firm based in Baltimore, has hired Carville Collins as a partner. Collins brings over 30 years of experience, having previously worked at DLA Piper. He has represented Baltimore Gas & Electric Company and the electric utility industry in legislative and governmental matters, and has extensive experience in representing businesses seeking approvals from Maryland regulators in various sectors such as energy, water, telecoms, and transport. Collins' expertise will enhance Saul Ewing's practice before the Maryland Public Service Commission and strengthen their representation of clients in the utility and renewable energy industries, including offshore wind projects. [Extracted from the article]

The Pennsylvania Turnpike Commission (PTC) has issued a Request for Information (RFI) seeking vendors specializing in solar energy development for a Public-Private Partnership (P3) project. The PTC envisions the Solar Right-of-Way Project to include approximately 20 sites along state highways, each with individual electricity meters. The goal is to select a single bidder through a subsequent Request for Proposal (RFP) process, who will install up to 3MW of solar capacity at each site. The PTC aims to make the turnpike a sustainable superhighway by 2040 and plans to sign a 20-year power purchase agreement with the preferred bidder. The solar alternative energy credits associated with the solar generation will be transferred to the PTC to be monetized in the market. [Extracted from the article]

QIC Private Debt Infrastructure has provided a loan to a subsidiary of Porter Aviation Holdings (PAH), a Toronto-based holding company that owns Porter Airlines. The financing will support Porter's expansion plans, including the development of a commercial aviation terminal at Montreal Metropolitan Airport and the addition of new routes across North America. The funding will also be used for working capital. QIC acted as the lead arranger for the loan, with Korean Investment & Securities serving as a co-lead arranger. [Extracted from the article]

An Edgemoor Infrastructure & Real Estate-led team has reached financial close for the $152 million Garden Grove Civic Center Revitalization Project. The project will be funded in part by a 1% sales tax and will include the construction of a new public safety facility and parking structure in Phase I, followed by the reconfiguration of Civic Center Park in Phase II. Construction is expected to begin in June 2024 and be completed by the fall of 2027. The project aims to replace existing facilities, create pedestrian-friendly spaces, and provide high-quality public safety services. [Extracted from the article]

Dallas-based Matador Resources has agreed to acquire certain oil and natural gas producing properties in New Mexico and Texas from Ameredev II Parent for $1.9 billion in cash. The assets also include a 19% stake in Piñon Midstream. Following the acquisition, Matador will have over 190,000 net acres in the Delaware Basin, 2,000 net operated locations, and production of over 180,000 barrels of oil and natural gas equivalent per day. The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions. Matador's CEO expressed excitement about the strategic opportunity and the expansion of their midstream footprint. [Extracted from the article]

Applied Digital Corporation (ADC) has secured $200 million in private financing from CIM Group to build a high-performance computing (HPC) data center in Ellendale, North Dakota. The financing includes a promissory note with a 3-year term and an initial interest rate of 12% per annum. In exchange, the lender will receive warrants for shares of ADC common stock. ADC's CEO believes this financing will help secure project-level financing and a long-term lease with a hyperscaler for the HPC Campus in Ellendale, which aims to be a leading HPC data center in the industry. Legal advisers for ADC are Milbank and Lowenstein Sandler, while Simpson Thacher & Bartlett advises CIM Group. [Extracted from the article]

Great Bear Pantheon, an Alaska-based company, has signed a gas sales agreement with 8 Star Alaska, a subsidiary of AGDC (Alaska Gasline Development Corporation). The agreement outlines the terms for Great Bear Pantheon to supply natural gas to AGDC's Alaska LNG project. Under the 20-year agreement, Great Bear Pantheon will supply up to 500 thousand cubic feet per day of natural gas from its Kodiak and Ahpun fields. The base price for the gas will be capped at $1 per million British thermal units. The Alaska LNG project aims to provide energy to the region and export up to 20 million tonnes per annum of LNG. A final investment decision for the project is expected in mid-2025. AGDC president Frank Richards stated that this agreement will help resolve south-central Alaska's energy shortage by 2029. [Extracted from the article]

The City of Brantford, Ontario has received responses from four teams in regards to the development of a new sports and entertainment center. The teams that responded include ASM Global, Elite Developments, MPAR Developments, and OAK View Group. The city was interested in feedback from entities interested in the development of the facility, as well as parties interested in acquiring naming/sponsorship rights and developing municipally-owned properties to help finance the project. The new facility is expected to be built on city-owned property next to the existing Brantford & District Civic Centre, with a decision on whether to proceed expected later this year. [Extracted from the article]

The California Department of Technology (CDT) has issued a Request for Qualifications (RFQ) to find a private partner to provide administration, cost recovery, and Fiber Optic Maintenance (FOM) services for its middle-mile broadband initiative. The deadline to respond to the RFQ is June 24, 2024, with a shortlist expected in early July. The CDT aims to award a Network Stewardship Agreement to the preferred bidder in the first quarter of 2025. The state's goal is to create an affordable, open-access broadband infrastructure that prioritizes connectivity for unserved and underserved communities. The CDT is seeking a third-party administrator (TPA) to manage the operations and maintenance of the network at their own cost, with the TPA being able to generate revenue from operating the network to recover costs and assume some risk. [Extracted from the article]

The State of Utah has chosen P3 Plus as its public-private partnership (P3) facilitator. This decision comes after the state issued a request for proposals (RFP) in April and set a deadline of May 3rd. The selected firm will receive a 5-year contract and will work with various stakeholders to promote successful P3 project development and completion. This decision aligns with legislation passed in 2020 and updated in 2023, which calls for the Governor's Office of Economic Opportunity (GOEO) to secure a facilitator to assist in P3 development and meet legislative requirements. The facilitator will also oversee the day-to-day aspects of promoting P3 projects, obtain necessary approvals, and identify and market available P3 projects. [Extracted from the article]

TC Energy shareholders have approved the spinoff of its liquids pipeline business, resulting in the creation of a new public company called South Bow Corporation. The spinoff will involve TC Energy shareholders receiving one new common share of TC Energy and 0.2 of a common share in South Bow for each TC Energy share they hold. The separation is expected to be completed in the third or fourth quarter of this year, pending regulatory and court approvals. Once the separation is finalized, TC Energy will focus on natural gas and energy solutions, while South Bow will become a critical infrastructure company with strategic assets. Both companies aim to meet the growing demand for reliable, lower-carbon energy. [Extracted from the article]

The School Board of Lee County in Florida has selected Gulfpoint Construction Company (GCC) to build the Hector A Cafferata, Jr K-8 School. GCC was the only firm to submit a proposal for the $125 million public-private partnership (P3) project. The new educational facility is expected to be completed by August 2026 and will replace the existing Hector A Cafferata school, which was damaged by Hurricane Ian in September 2022. The new school will accommodate a minimum of 1,600 students from grades K-8. [Extracted from the article]

Deep Blue Midland Basin, a joint venture between Diamondback Energy and Five Point Energy, has acquired Lagoon Operating Midland, a water midstream company. The acquisition includes assets such as 105 miles of large diameter pipeline, 240,000 barrels per day (bpd) of disposal capacity, and 544,000 bpd of additional permitted disposal capacity. This acquisition strengthens Deep Blue's position in sustainable water management in the Midland Basin and expands its recycling capabilities. The joint venture has approximately 2.5 million bpd of permitted produced water disposal capacity and over 1,000 miles of large-diameter pipeline. [Extracted from the article]

NW Natural Water Company has agreed to acquire Infrastructure Capital Holdings (ICH), including Puttman Infrastructure. This acquisition will add 4,200 water, wastewater, and recycled water customers in Oregon, Idaho, and California. Puttman has experience in investing, developing, and operating water systems, and both ICH and Puttman serve various sectors. NW Natural Water will expand its utility portfolio and services business, entering the recycled water segment and the California market. The transaction is expected to close in Q3 2024, and Tom Puttman will become the president of NW Natural Water. [Extracted from the article]

US Signal Company, backed by Igneo Infrastructure Partners, has agreed to acquire OneNeck IT Solutions and OneNeck Data Center from Telephone and Data Systems. OneNeck provides hybrid IT and multi-cloud solutions through data centers in six Western and Midwestern states, serving various sectors including banking, education, healthcare, and manufacturing. US Signal, which offers data center, connectivity, cloud hosting, and disaster recovery services, will expand its operations with the acquisition, gaining more data centers, a presence on the West Coast, and an expanded fiber network. The transaction is expected to close in the third quarter of 2024. [Extracted from the article]