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.
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