Dallas pipeline operator Goodnight Midstream landed $500 million in private equity funds to expand the company’s oil field water operations.

Tailwater Capital, a Dallas-based private equity firm has committed more than $500 million for Goodnight Midstream to expands its operations.

Focused on moving freshwater and oilfield wastewater, Goodnight is active in Bakken Shale of North Dakota, the Permian Basin of West Texas and Eagle Ford Shale of South Texas.

“With this capital flexibility, we will continue to meet the increasing demand from our customers for scalable produced water infrastructure solutions and remain focused on providing safe, reliable and environmentally sustainable produced water logistics services to our customers,” Goodnight Midstream Co-Founder and CEO Patrick Walker said in a statement. (by By Sergio Chapa, Chron.com)

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