US Stock Market Move | WaterBridge Infrastructure (WBI.US) debuts on the US stock market with an opening increase of over 18%.
The opening stock price rose by more than 18%, reaching $23.655 per share.
On Wednesday, WaterBridge Infrastructure (WBI.US), which provides comprehensive water services and infrastructure support for oil and gas exploration and production companies (E&Ps), made its debut on the US stock market. The opening stock price surged more than 18% to $23.655, up from its IPO price of $20. As the largest operator of produced water infrastructure networks in the United States, WaterBridge has approximately 2500 miles of pipeline and 196 produced water treatment facilities. Its daily processed water volume exceeds 2.6 million barrels, with a total processing capacity of over 4.5 million barrels. Customers include Permian Resources (PR.US), Devon Energy Corporation (DVN.US), EOG Resources, Inc. (EOG.US), and Chevron Corporation (CVX.US).
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