Diamondback Energy and KKR to Buy Permian Water Platform Stake

RecentNews.uk

Diamondback Energy and KKR are buying Five Point's stake in a Permian Basin water platform.

Water infrastructure is vital for handling produced water in US shale oil operations.

The partnership aims to secure long-term logistical efficiency and cost control.

Regulatory approvals will determine the final timeline for closing the transaction.

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