Diamondback Energy and KKR to acquire Deep Blue Midland Basin from Five Point Infrastructure

FANG•2026-11-10

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.

Diamondback Energy and KKR to acquire Deep Blue Midland Basin from Five Point Infrastructure

1. Acquisition details

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