KKR acquires 50% stake in Permian Basin water platform
Tuesday, November 10, 2026 · first reported by IPE Real Assets
KKR's fifth global infrastructure fund is taking a 50% stake in Deep Blue Midland Basin, a US water management platform in the Permian Basin, in a joint buyout with Diamondback Energy. The two are buying the 70% interest held by Five Point Infrastructure. Diamondback, which already owned 30%, moves up to 50%.
Diamondback and Five Point set up Deep Blue in 2023. The platform handles sourcing, transportation, storage, recycling and disposal of water. Diamondback relies on it to move nearly 2m barrels of water per day.
- Firm
- KKR
- Also named
- Diamondback Energy, Five Point Infrastructure, Deep Blue Midland Basin
- Fund
- KKR's fifth global infrastructure fund
- People
- James Cunningham
- Asset class
- Infrastructure
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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