The cubic two-state equation of state was employed for the correlation of measured mutual solubilities of water and 68 hydrocarbons. A new Kabadi−Danner's type mixing rule is presented, in which the water−water dispersive parameter of the cubic part is corrected due to the presence of a hydrophobic solute. The obtained binary parameters for the water−hydrocarbon pairs had a marked relationship with the chemical family (alkanes, cycloalkanes, aromatics, and unsaturated aliphatics) and with the co-volumes. This allowed the development of general correlations to predict these parameters in the case of lack of experimental solubilities. The model's overall deviations from measured data were 12% and 16% for the solubilities of water in hydrocarbons and of hydrocarbons in water, respectively. The temperature and pressure ranges of the correlated data were 273.2 to 550 K and 1 to 1000 bar, respectively. To check model reliability, the correlations were successfully extended to predict bubble pressures and dew temperatures of water−hydrocarbon binaries and ternaries and mutual solubilities in multi-hydrocarbon mixtures.