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Deep Blue to Acquire Environmental Disposal Systems from Diamondback Energy (FANG)

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the Best Low Cost Stocks to Buy According to Analysts. On September 2, the company announced that Deep Blue will acquire Environmental Disposal Systems, LLC from Diamondback in a deal valued at $750 million. The acquisition is expected to nearly double Deep Blue’s size, and as part of the agreement, Diamondback Energy, Inc. (NASDAQ:FANG) renewed a 15-year agreement for produced and supplied water within a 12-county area in the Midland Basin. Diamondback wil ...