Diamondback Energy, Inc. Announces Sale of WTG Midstream
ETEnergy Transfer(ET) Newsfilter·2024-05-28 20:19

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. Diamondback, ...