Diamondback and KKR Buy Deep Blue Stake
Diamondback Energy and KKR have agreed to acquire a seventy percent stake in water infrastructure firm Deep Blue Midland Basin for an estimated two billion dollars. The transaction is expected to close in the fourth quarter of this year.
Xurve View
Insights:
Xurve View
Diamondback Energy and private equity firm KKR & Co agreed to acquire a 70% stake in Deep Blue Midland Basin for an estimated $2.1B, people familiar with the matter said on Tuesday. The transaction expands water infrastructure control across the Permian Basin in the United States. The deal allows the buyers to scale operations as regional energy activity grows.
