NGL Energy Partners LP has acquired the water disposal and hauling business of Oilfield Water Lines LP ('OWL'), a partnership with High Roller Wells and the Mark Cuban Companies for 2,463,287 common units and $168 million in cash, plus net working capital.

The acquisition expands NGL's water services business by adding four high capacity, strategically located, oil and gas water disposal facilities to its portfolio of water treatment and gathering infrastructure. The acquisition brings a successful operating team to NGL's water services business and approximately 90,000 barrels per day of additional disposal capacity in the growing Eagle Ford Shale in South Texas, a major US oil producing region.

Tags: NGL Energy Partners LP