Diamondback, Kinetik Holdings Purchase Stakes in EPIC Crude Oil Pipeline

Diamondback, Kinetik Holdings Purchase Stakes in EPIC Crude Oil Pipeline

Researched by Industrial Info Resources (Sugar Land, Texas)--Fresh on the heels of its $26 billion cash-and-stock deal in which it acquired rival Endeavor Energy, Diamondback Energy Incorporated (NASDAQ:FANG) (Midland, Texas), along with Kinetik Holdings (NYSE:KNTK) (Midland), has acquired a stake in the EPIC Crude Oil Pipeline, which runs about 700 miles from West Texas to a terminal in Corpus Christi.

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