Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 307

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 307
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 company.

Operator.The individual or company responsible for the development and/or production of an oil or natural gas well.

Permian Basin.A large sedimentary basin located in West Texas and southeastern New Mexico.

Produced water.Water that comes out of an oil and natural gas well with the crude oil during crude oil production.

<div align='center'>A-1</div>

Produced water handling facilities.Facilities employed for the treatment, handling and disposal of produced water into an underground formation.

Skim oil.Oil recovered as a byproduct of the produced water from a well during E&P operations.

<div align='center'>A-2</div>

INDEX TO CONSOLIDA TED FINANCIAL STATEMENTS WaterBridge Infrastructure LLC

| Audited Balance Sheet                                                        
 Report of Independent Registered Public Accounting Firm (PCAOB ID Number 34) 
 Balance Sheet as of April 11, 2025                                           | F-2 
 F-3 |
|:-----------------------------------------------------------------------------|:----|
| Notes to the Balance Sheet                                                   | F-4 |

| Unaudited Balance Sheet                     
 Unaudited Balance Sheet as of June 30, 2025 | F-5 |
|:--------------------------------------------|:----|
| Notes to the Unaudited Balance Sheet        | F-6 |

| Unaudited Pro Forma Condensed Combined Financial Statements                                           
 Introduction                                                                                          
 Unaudited Pro Forma Condensed Combined Balance Sheet as of June 30, 2025                              
 Unaudited Pro Forma Condensed Combined Statement of Operations for the Six Months Ended June 30, 2025 | F-7  
 F-9  
 F-10 |
|:------------------------------------------------------------------------------------------------------|:-----|
| Unaudited Pro Forma Condensed Combined Statement of Operations for the Year Ended December 31, 2024   | F-11 |
| Notes to the Unaudited Pro Forma Condensed Combined Financial Statements                              | F-12 |

WATERBRIDGE NDB OPERATING LLC

| Audited Consolidated Financial Statements                                                            
 Report of Independent Registered Public Accounting Firm (PCAOB ID Number 34)                         
 Consolidated Balance Sheets as of December 31, 2024 and 2023                                         
 Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023                 | F-17 
 F-18 
 F-19 |
|:-----------------------------------------------------------------------------------------------------|:-----|
| Consolidated Statements of Changes in Member’s Equity for the Years Ended December 31, 202