Diamondback and KKR agree to jointly acquire Five Point's 70% stake in Deep Blue Midland Basin
Diamondback Energy and KKR have agreed to jointly acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin LLC, according to a GlobeNewswire release. The transaction teams a major Permian producer with a global private-equity firm to take control of midstream infrastructure in the basin. Deal terms were not disclosed in the announcement.
Source:
globenewswire.com: https://www.globenewswire.com/news-release/2026/11/10/3399290/22886/en/diamondback-energy-and-kkr-to-acquire-deep-blue-midland-basin-from-five-point-infrastructure.html
Not financial advice. For informational and educational purposes only.
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