Diamondback and KKR to Buy Five Point's 70% Stake in Permian Water Platform
Diamondback Energy and KKR agreed to acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin, a Permian Basin water infrastructure firm. Financial terms were not disclosed in the available report.
By Dharna BafnaDiamondback Energy NASDAQ:FANG and private equity firm KKR NYSE:KKR have agreed to acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin, a water infrastructure firm in the Permian Basin, the companies said on Tuesday.The financial terms of the deal were not discl…