Diamondback Energy, KKR agree to buy Five Point’s 70% stake in Deep Blue Midland Basin

Bitget2026/11/10 11:46

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Diamondback Energy and KKR agreed to acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin.
The buyers will jointly own 100% of the water infrastructure operator, building on Diamondback's existing 30% interest.
Deep Blue supports Diamondback's core operations, which require transportation of nearly 2 million barrels of water daily.
KKR will fund its investment primarily through KKR Global Infrastructure Investors V.
Closing is expected in Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611100645PRIMZONEFULLFEED9874079) on November 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Diamondback Energy, KKR agree to buy Five Point’s 70% stake in Deep Blue Midland Basin

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