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.

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.

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.

Golden Gate Capital Launches Stonehill Environmental Partners and Acquires Waterfield Midstream Assets

April 15, 2021

Energy

Golden Gate Capital launched a new energy infrastructure platform, Stonehill Environmental Partners, led by CEO Jay Parkinson, and is the platform's anchor investor. As Stonehill's first acquisition, Golden Gate acquired the assets of Waterfield Midstream in the Permian Basin (Martin County, Midland Basin) to serve as the flagship investment for the water pipeline, recycling and disposal business.

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.