Diamondback energy, inc. announces sale of wtg midstream

Midland, texas, may 28, 2024 (globe newswire) -- diamondback energy, inc. (nasdaq: fang) (“diamondback”) today announced the sale of wtg midstream holdings llc to energy transfer lp (nyse: et) (“et”) resulting in total pre-tax consideration net to diamondback of approximately $375 million, subject to customary closing conditions and adjustments. consideration for the transaction will consist of a mix of cash and et common units. the transaction is expected to close in the third quarter of 2024.
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