Delek Logistics to buy H2O Midstream Permian water assets for $230M

Delek Logistics Partners, LP

Purchase price $230M, paid in cash and preferred equity interests of the Partnership.
Acquires 100% of three H2O Midstream entities with water disposal/recycling ops in Permian Basin.
Closing expected by end of 2024; $23M deposit subject to forfeiture on certain termination events.
Transaction subject to customary closing conditions and regulatory approvals.

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