Deep Blue Midland Basin LLC Acquires Environmental Disposal Systems, LLC from Diamondback Energy
September 2, 2025
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.
- Buyers
- Deep Blue Midland Basin LLC
- Targets
- Environmental Disposal Systems, LLC
- Sellers
- Diamondback Energy, Inc.
- Platforms
- Deep Blue Midland Basin LLC
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Addon
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