Diamondback, Five Point establish water infrastructure JV in Midland Basin
Diamondback Energy, Inc. (NASDAQ: FANG) and Five Point Energy LLC have unveiled a strategic joint venture to establish Deep Blue Midland Basin LLC (“Deep Blue”). This new entity aims to create the largest independent water infrastructure platform in the Midland Basin. Diamondback Energy will retain a 30% equity stake in Deep Blue Midland Basin and […]