WaterBridge reaches FID on Speedway Pipeline; $290M first phase, in-service mid-2026

WaterBridge Infrastructure LLC

Final investment decision for Speedway Pipeline first phase; construction Q4 2025, in-service by mid-2026.
Initial capacity 500,000 bpd, expandable to 2.0 million bpd.
Development cost $290M: $220M pipeline/handling facilities, $70M upstream gathering.
Pipeline connects Eddy and Lea counties (NM) to Central Basin Platform pore space owned by LandBridge.
Provides access to ~1.0 million bpd of approved produced water handling capacity.

item 7.01

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