Diamondback Secures More Than $1 Billion Through Deep Blue Agreement and EPIC Crude Sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2025
0mins
Source: Benzinga
Diamondback Energy's Sale: Diamondback Energy Inc. is selling its Environmental Disposal Systems LLC unit to Deep Blue Midland Basin LLC for $750 million, while retaining a 30% stake and securing a 15-year commitment for water services across 12 counties in West Texas.
Additional Sale and Market Impact: The company is also selling its 27.5% interest in EPIC Crude Holdings LP to Plains All American Pipeline LP for $500 million, with potential contingent payments, as its stock experiences a slight decline.
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Analyst Views on COP
Wall Street analysts forecast COP stock price to fall
19 Analyst Rating
15 Buy
3 Hold
1 Sell
Moderate Buy
Current: 122.600
Low
98.00
Averages
115.67
High
133.00
Current: 122.600
Low
98.00
Averages
115.67
High
133.00
About COP
ConocoPhillips is an exploration and production company. Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and NGLs. The Lower 48 segment consists of operations located in the 48 contiguous states in the United States and the Gulf of Mexico. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia and commercial operations. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the United Kingdom. Asia Pacific segment has exploration and production operations in China, Malaysia, Australia and commercial operations in China, Singapore and Japan. Other International segment includes interests in Colombia as well as contingencies associated with prior operations in other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Future Growth Expectations: Even if the war ends, major holdings like Chevron and ConocoPhillips are expected to achieve over 10% compound annual growth in free cash flow through 2030, ensuring continued dividend growth and investment appeal.
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