Diamondback Energy and KKR to acquire Deep Blue Midland Basin from Five Point Infrastructure
KKR•Diamondback Energy and KKR will buy Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin. The deal is expected to close in the fourth quarter of 2026, and KKR’s investment will be funded primarily through KKR Global Infrastructure Investors V.
1. Acquisition details
Diamondback Energy and KKR will acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin. The deal is expected to close in the fourth quarter of 2026, and KKR’s investment will be funded primarily through KKR Global Infrastructure Investors V.
