DEEP BLUE MIDLAND BASIN LLC ACQUIRES LAGOON OPERATING – MIDLAND, LLC
Strategic Acquisition Expands Deep Blue’s Footprint in the Midland Basin
MIDLAND, Texas, June 3, 2024 /PRNewswire/ — Deep Blue Midland Basin LLC (“Deep Blue” or the “Company”), a joint venture between Diamondback Energy (NASDAQ: FANG) and Five Point Energy LLC (“Five Point”), announced today it has acquired Lagoon Operating – Midland, LLC (“Lagoon”). This strategic acquisition further solidifies Deep Blue’s position as a key player in sustainable water management in the core of the Midland Basin.