Deep Blue Midland Basin acquires Lagoon Operating in Midland Basin

Deep Blue Midland Basin LLC, a joint venture between Diamondback Energy and Five Point Energy, acquired Lagoon Operating – Midland, LLC. The acquisition adds approximately 105 miles of pipeline and 240,000 bpd of disposal capacity in Martin County, Texas.

“The acquisition of Lagoon brings together complementary water systems that expand our footprint and unlock synergies across the broader business.”nasdaq.com

• 1 source
• nasdaq.comDEEP BLUE MIDLAND BASIN LLC ACQUIRES LAGOON OPERATING - MIDLAND, LLC | NasdaqJun 3, 2024

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