Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 221

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 221
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ler or Loving counties, Texas from and after May 10, 2024, with an initial term of approximately fifteen years and automatic one‑year renewals unless terminated by a party prior to renewal.

An SUA that grants us certain rights to construct, operate and maintain produced water handling facilities on certain lands owned by LandBridge in southern Reeves County, Texas, with a term that runs until all of our produced water handling facilities on such lands have been decommissioned.

Related easements and rights‑of‑way generally have terms of 10 years, with options to renew for additional 10‑year terms in return for additional renewal payments. Each of the above described agreements has a customary fee schedule and a provision for royalties related to certain specified activities. For the years ended December 31, 2024 and 2023, we paid $ million and $ million, respectively, in fees related to such agreements.

Transactions with Desert Environmental

In the ordinary course of business, we have entered into solids waste handling agreements and produced water offload agreements with Desert Environmental. Pursuant to the solids waste handling agreements, we committed to deliver all non-hazardous oilfield solids waste collected at its produced water handling facilities within an AMI to Desert Environmental for reclamation and disposal, and include a customary fee schedule. Such solids waste handling agreements have initial terms of approximately ten years and automatic one‑year renewals unless terminated by either party prior to renewal. Pursuant to such produced water offload agreements, Desert Environmental offloads produced water generated from its non-hazardous oilfield reclamation and solid waste disposal facilities to us for transportation and handling on an interruptible basis. Such produced water offload agreements had one-year initial terms with automatic one‑year renewals unless terminated by either party prior to renewal. For the years ended December 31, 2024 and 2023, we paid $ million and $ million, respectively, in fees related to such solids waste handling agreements and received $ million and $ million, respectively, in fees related to such produced water offload agreements.

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Prior to the closing of this offering, we have not adopted a formal policy for approval of Related Party Transactions, but intend to do so following the closing of this offering. A “Related Party Transaction” is defined as a transaction, arrangement or relationship in which we or any of our current or future subsidiaries was, is or will be a participant and the amount of which involved exceeds $120,000, and in which any