2024-06-05 02:05:08 ET
Summary
- Diamondback Energy forms joint venture with Five Point Energy for water management business.
- The company monetizes the water handling part of its midstream business through the joint venture.
- Diamondback Energy sells WTG Midstream Holdings to Energy Transfer to further monetize some midstream assets.
- The activity since the last article should increase the value of the shares if management knows what it is doing.
- Deep Blue Midland Basin, the joint venture, acquired Lagoon Operating to expand the water services business.
Read the full article on Seeking Alpha
For further details see:
Diamondback Energy: Round 2 Makes An Acquisition