IRVING, TX, January 25, 2017 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market energy, industrial, manufacturing and distribution companies, is pleased to announce the sale of Henderson & Erickson’s (“H&E”) salt water disposal well assets to On Point Oilfield Holdings, LLC, (“On Point”), a portfolio company of White Deer Energy (“White Deer”).
H&E developed and operated multiple high-quality, high capacity strategically located Class II licensed salt water disposal well facilities in the Permian Basin. The H&E team will remain as operating consultants to On Point. H&E commenced its salt water disposal well operations in 2011 and is headquartered in Midland, Texas.
“Wilcox Swartzwelder did an excellent job. This was a lengthy and complex transaction with a myriad of twists and turns. Not to mention poor oil and gas industry conditions. I am pleased with the outcome and the very favorable terms. Over a three year period, they provided senior-level support, in-depth industry knowledge, creativity, professionalism and solutions. We couldn’t have done it without them.” said Mr. Curt Henderson, Principal of H&E.
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