ConocoPhillips has extended its Water Gathering and Disposal Agreement with Aris Water Solutions, Inc. for an additional seven years, pushing the primary term from May 31, 2033, to May 31, 2040. The terms of the agreement remain otherwise unchanged.
This extension ensures that Aris Water will continue to provide full-cycle water infrastructure services to ConocoPhillips in the Northern Delaware Basin. These services include recycled water supply, produced water transportation, and produced water handling operations.
The long-term extension provides ConocoPhillips with sustained operational support and cost efficiencies for its water management needs in a critical production area. It also offers substantial long-term revenue visibility for Aris Water, supported by ConocoPhillips' multi-decade inventory.
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