Both parties also announced that Gulfport could generate additional revenue from the sale (Gulfport indicated an additional $50 million) if the exploration and production company filled future pillars of water development and production within the field. North Whipple, CEO of Bison, commented: „We are pleased to expand our relationship with Marathon through this long-term agreement on water collection and disposal. This commitment to water infrastructure is the first of its kind in SCOOP, STACK and Merge and is a direct result of Bison`s proven ability to work with customers and significantly reduce their operating costs. We remain in italics to meet or exceed our previously announced expansion plans, and this agreement strengthens our development with a leading upstream operator. Today, this is another important step in realizing our promise to launch scalable and innovative water solutions that are cheap. And in July, it announced that it had entered into a 15-year contract with Marathon Oil Co. to deal with its hydraulic operations in the Anadarko Basin. No purchase price was announced, but Oklahoma City-based Bison acquired more water infrastructure in the state. It announced the purchase of The Gulfport Energy Corporation`s water infrastructure from SCOOP. The purchase also included a 15-year contract in which Bison will manage all water collection, recycling, storage, reuse, disposal, transportation, logistics and supply in the districts of Grady, Garvin and Stephens.
The assets also include a multi-line water collection and delivery system, 2.3 million barrels of storage capacity, 40,000 barrels of recycling capacity per day, 55,000 barrels of fresh water supply capacity, real estate and a pending saltwater disposal permit. „We are still on track to realize or exceed our previously announced expansion plans, and this agreement strengthens our development with a first-class pre-current operator. Today, this is another important step in realizing our promise to launch scalable and innovative water solutions that are cheap. Over the past few months, the company has entered into a number of similar agreements by continuing to strengthen its operational presence at a steady pace. As part of the agreement, Bison will exclusively manage all of Chaparral`s water logistics in a specific area of STACK and SCOOP games, covering approximately 1.9 million hectares and covering parts of Canadian, grady and blaine costs. Marathon Oil, Bison Oilfield Services Deal 15 years of hydraulic infrastructure In September, it announced a 15-year water treatment agreement with Houston-based Paloma Operating Co. and its subsidiaries for areas in which Paloma operates in the STACK game. In August, Bison announced that it had acquired the water infrastructure, approvals and development plans of Overflow Energy, which it owned in the SCOOP and Merge games. According to a July 12 press release, Bison will exclusively manage all of the water infrastructure produced by Marathon Oil Corp. according to a July 12 press release.
Bison will also face any future Area of Marathon Oil in a special area of 5.4 million hectares. Bison`s agreement with Gulfport is the latest in a series he recently announced. In October, it announced that it had entered into an agreement to exclusively manage all of the hydraulic logistics produced by Chaparral in a special area of the STACK and SCOOP games, covering approximately 1.9 million hectares and covering parts of the Canadian counties, gradys and blaine, and that it had acquired other water treatment facilities from Tapstone Energy in the northwestern part of the STACK game and had entered into a water treatment agreement.