WaterBridge Launches Open Season for Speedway Phase II Pipeline Expansion — WaterBridge Infrastructure LLC

Event summary

WaterBridge launched an open season on February 23, 2026, to solicit commitments for the Speedway Phase II Pipeline project.
The pipeline will transport produced water from Eddy and Lea counties, New Mexico, to out-of-basin pore space in the Central Basin Platform.
Phase II aims to add up to 500,000 barrels per day (bpd) of incremental throughput capacity, complementing the initial Speedway Pipeline phase.
The open season runs until April 20, 2026.

The big picture

WaterBridge's Speedway Phase II Pipeline expansion underscores the growing demand for produced water management solutions in the Northern Delaware Basin. The project aligns with broader industry trends toward large-scale infrastructure investments to support responsible water handling in prolific oil and gas basins. With an additional 500,000 bpd of capacity, WaterBridge is positioning itself as a key player in the water midstream sector, leveraging its existing network to capture incremental demand.

What we're watching

Customer Commitments: Whether WaterBridge secures sufficient customer commitments to proceed with the Speedway Phase II Pipeline project.
Regulatory Approvals: The pace at which regulatory approvals are secured for the pipeline expansion.
Execution Risk: How WaterBridge manages construction timelines and operational integration of the new pipeline phase.