Diamondback Energy, Five Point JV Deep Blue Acquires Lagoon Operating – Midland, LLC; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Diamondback Energy's joint venture, Deep Blue, has acquired Lagoon Operating – Midland, LLC to enhance its sustainable water management capabilities in the Midland Basin. The terms of the deal were not disclosed.
June 03, 2024 | 8:51 pm
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Diamondback Energy's joint venture, Deep Blue, has acquired Lagoon Operating – Midland, LLC to enhance its sustainable water management capabilities in the Midland Basin. The terms of the deal were not disclosed.
The acquisition is likely to strengthen Diamondback Energy's position in sustainable water management, which is a critical aspect of operations in the Midland Basin. This strategic move could positively impact the company's stock price in the short term.
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