Diamondback, KKR to buy Five Point’s stake in Permian water platform
Summary
Diamondback Energy and KKR have agreed to acquire Five Point’s equity interest in a water infrastructure network operating within the Permian basin. This transaction brings together key industry players to take full control of the regional resource platform. Financial terms and completion timelines for the acquisition were not disclosed in the announcement.
Source: Read the full story at Stock Market News
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