XRI Holdings, LLC, a Midland, TX-based water supply and pipeline transportation company, received a majority equity investment from funds managed by Morgan Stanley Energy Partners, part of Morgan Stanley Investment Management.
The terms of the transaction were not disclosed.
The company will use the funds to accelerate the expansion of its asset base, capabilities and portfolio of services offered to its customers.
An affiliate of Entia Ventures, XRI Blue is engaged in the sourcing, production, transportation, storage, and sale of water for use in the upstream exploration & production industry in the Permian Basin of West Texas and New Mexico.
The company is led by Matthew Gabriel, Christopher Harich and Christopher Downs.