Diamondback, KKR to buy Five Point’s stake in Permian water platform
In short
The two partnering entities have officially reached an agreement to take over Five Point's existing ownership share in the regional water asset. Concrete financial figures, valuation metrics, and the formal closing schedule for the buyout were not made public. The strategic acquisition continues a trend of major financial players backing regional energy logistics in key operating basins.
Key points
- Five Point has agreed to divest its existing stake in the Permian Basin water platform.: Five Point has agreed to divest its existing stake in the Permian Basin water platform.
- The buyers have chosen not to reveal the financial considerations involved in the infrast…: The buyers have chosen not to reveal the financial considerations involved in the infrastructure deal.
- The participating companies have not yet provided a definitive timeline for the completio…: The participating companies have not yet provided a definitive timeline for the completion of the acquisition.