Diamondback Declares Divestment of Equity Interest in EPIC Crude

Key Takeaways Diamondback will divest its 27.5% EPIC Crude stake to Plains for over $596 million.The deal includes $500M upfront cash plus $96M contingent on capacity expansion approval.Diamondback remains an anchor shipper on EPIC Crude, preserving Permian logistics support.Diamondback Energy, Inc. (FANG) , a leading independent oil and natural gas company, recently announced the execution of a definitive agreement through its wholly owned subsidiaries to divest the 27.5% equity stake in EPIC Crude Holding ...