Deep Blue Midland Basin LLC Acquires Environmental Disposal Systems, LLC from Diamondback Energy, Inc.
1. Diamondback acquires EDS for $750 million, enhancing water infrastructure. 2. Deep Blue's scale nearly doubles, improving water management capabilities. 3. Diamondback retains 30% equity in Deep Blue for ongoing revenue. 4. Acquisition leads to optimization and sustainability in water services. 5. $675 million upfront cash strengthens Diamondback's financial position.