M&A Deal Summary

Deep Blue Acquires Environmental Disposal Systems

On September 2, 2025, Deep Blue acquired environmental company Environmental Disposal Systems from Diamondback Energy for 750M USD

Acquisition Highlights
  • This is Deep Blue’s 1st transaction in the Environmental sector.
  • This is Deep Blue’s largest (disclosed) transaction.
  • This is Deep Blue’s 1st transaction in the United States.
  • This is Deep Blue’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-09-02
Target Environmental Disposal Systems
Sector Environmental
Buyer(s) Deep Blue
Sellers(s) Diamondback Energy
Deal Type Divestiture
Deal Value 750M USD

Target

Environmental Disposal Systems

Austin, Texas, United States
Environmental Disposal Systems is a provider of sustainable produced water management services. Environmental Disposal Systems is based in Austin, Texas.

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Buyer(S) 1

Buyer

Deep Blue

Houston, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Deep Blue develops, owns, and operates integrated midstream water infrastructure networks for exploration and production companies. Deep Blue is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Diamondback Energy

Midland, Texas, United States

Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees1,983
Revenue 11.0B USD (2024)
DESCRIPTION

Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. Diamondback Energy was founded in 2007 and is based in Midland, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 WTG

Midland, Texas, United States

WTG provides comprehensive midstream services including wellhead gathering, intra-basin transportation, and processing services. WTG is based in Midland, Texas.

Sell $3.3B