# Deep Blue closes acquisition of Environmental Disposal Systems from Diamondback

Deep Blue Midland Basin LLC closed its acquisition of Environmental Disposal Systems, LLC from Diamondback Energy, Inc. Diamondback received approximately $695 million in upfront cash proceeds and may receive up to $200 million more through earnouts.

- Type: Acquisition
- Announced: 2025-10-01
- Where: Midland Basin, Texas, United States
- Value: $695.0M
- Status: completed
- Products: water management services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Diamondback Energy](https://endata.com/companies/33757.md) (partner)
- [Deep Blue Midland Basin LLC](https://endata.com/companies/77808.md) (acquirer)
- [Environmental Disposal Systems](https://endata.com/companies/87575.md) (target)

## Sources

- [barchart.com](https://www.barchart.com/press-releases/35171737/deep-blue-closes-acquisition-of-environmental-disposal-systems-from-diamondback), 2025-10-01: "We’re excited to add EDS to our rapidly growing independent water infrastructure platform, the largest in the Midland Basin."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.