Warrior Technologies Acquires Field Services Unit from Diamondback Energy

Deep Blue Midland Basin LLC Acquires Environmental Disposal Systems, LLC from Diamondback Energy

September 2, 2025

Energy

Deep Blue Midland Basin LLC, the Midland Basin water-infrastructure platform backed by Five Point and Diamondback, agreed to acquire Environmental Disposal Systems, LLC from Diamondback Energy. The transaction (valued at $750 million) nearly doubles Deep Blue's scale, secures a 15-year dedication from Diamondback, and is expected to unlock operational and commercial synergies across the integrated produced-water system.

Warrior Technologies Acquires Lobo Trucking

October 26, 2024

Trucking & Fleet

Midland-based Warrior Technologies has acquired Lobo Trucking, expanding its footprint into the Delaware Basin across Texas and New Mexico. The acquisition adds about 53 employees and 46 operating units, strengthens Warrior's vacuum-truck and remediation capabilities, and will keep Lobo operating under its existing brand from yards in Hobbs and Artesia, New Mexico.

Surge Energy Acquires Grenadier Energy Partners II's Midland Basin Assets

January 31, 2021

Energy

Surge Energy US Holdings Company agreed to acquire leasehold interests and producing wells from Grenadier Energy Partners II LLC in Howard County, Texas, for an aggregate purchase price of approximately $420 million. The acquired Midland Basin assets average ~9,000 Boepd (roughly 75% oil) across ~18,010 net leasehold acres and include ~120 operated future drilling locations; the deal is expected to close in late Q1.

Diamondback Energy Acquires Leasehold Interests and Assets of FireBird Energy LLC

November 30, 2022

Oil & Gas

Diamondback Energy, Inc. completed the previously announced acquisition of all leasehold interests and related assets of FireBird Energy LLC. The deal expands Diamondback's Permian Basin asset base, adding upstream leasehold and related operations.

Pioneer Natural Resources Acquires DoublePoint Energy Assets in Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed the acquisition of the leasehold interests and related assets of DoublePoint Energy (structured as the purchase of Double Eagle III Midco 1 LLC) in the Midland Basin for approximately $6.2–$6.4 billion in stock, cash and assumed debt. The transaction adds ~97,000 contiguous net acres to Pioneer's Midland Basin footprint and was approved by the boards of the companies; DoublePoint was backed by equity commitments from Apollo, Quantum Energy Partners, Magnetar Capital and Blackstone Credit.

Axis Energy Services Merges with Brigade Energy Services

October 1, 2024

Oil & Gas

Axis Energy Services and Brigade Energy Services have closed a merger to form a combined well-servicing company operating under the Axis Energy Services name and headquartered in Dallas. The combination creates a larger, technology-forward well services provider with expanded workforce and equipment capacity—positioning the company to better serve major U.S. oil and gas basins and accelerate P&A, completion and workover capabilities.