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Diamondback EnergyInvestment

SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST

What happened

Diamondback Energy, as part of the Solitude Pipeline System joint venture, has made a Final Investment Decision (FID) to construct two 48-inch natural gas pipelines from the Permian Basin to Katy, TX.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN ), MPLX LP (NYSE: MPLX ), Diamondback Energy, Inc. (NASDAQ: FANG ) and Western Midstream Partners, LP (NYSE: WES ), through their Solitude Pipeline System joint venture ("Solitude"), have reached a positive Final Investment Decision ("FID") to construct two 48-inch natural gas pipelines, each running from the Permian Basin to Katy, TX. The project has secured substantial long-term firm transportation agreements with predominantly investment-grade shippers to support the FID. Solitude will deliver scalable, long-haul natural gas transportation to support Permian Basin growth and expanding Gulf Coast consumption. The joint venture's pipeline system will feature a flexible, phased design that provides initial capacity of approximately 2.25 Bcf/d in late 2029, and an additional 2.25 Bcf/d in 2030 with the ability to increase capacity thereafter to accommodate shipper demand. Capacity commissioning can be accelerated or deferred to align with evolving market dynamics. Solitude is expected to enter service in the second half of 2029, subject to receipt of customary regulatory and other approvals. The joint venture is owned by WhiteWater (50.0%), Devon Energy (25.0%), MPLX (10.0%), Diamondback Energy (7.5%) and Western Midstream Partners (7.5%). I...

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Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsA large capital project often starts a round of vendor buying.

Location
Texas, United States

More investment signals at other companies

The full record

From the Signal API record

Details

Assets
natural gas pipelines

Topics and mentions

Asset tags

  • energy
  • distribution

Extraction

Confidence
90%
Detected
Aug 17, 2026
signal_type
news
signal_subtype
invests_into_assets

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/49b6dfc5-d890-5149-25a6-840b40c26338 returns this record as JSON. POST /v1/companies/enrich returns every signal for diamondbackenergy.com.

{
  "signal_id": "49b6dfc5-d890-5149-25a6-840b40c26338",
  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-08-17T11:00:00+00:00",
  "company": {
    "name": "Diamondback Energy",
    "domain": "diamondbackenergy.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/solitude-pipeline-system-reaches-final-investment-decision-to-transport-gas-from-the-permian-basin-to-the-gulf-coast-302852521.html",
    "title": "SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST",
    "assets": "natural gas pipelines",
    "excerpt": "AUSTIN, Texas , Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN ), MPLX LP (NYSE: MPLX ), Diamondback Energy, Inc. (NASDAQ: FANG ) and Western Midstream Partners, LP (NYSE: WES ), through their Solitude Pipeline System joint venture (\"Solitude\"), have reached a positive Final Investment Decision (\"FID\") to construct two 48-inch natural gas pipelines, each running from the Permian Basin to Katy, TX. The project has secured substantial long-term firm transportation agreements with predominantly investment-grade shippers to support the FID. Solitude will deliver scalable, long-haul natural gas transportation to support Permian Basin growth and expanding Gulf Coast consumption. The joint venture's pipeline system will feature a flexible, phased design that provides initial capacity of approximately 2.25 Bcf/d in late 2029, and an additional 2.25 Bcf/d in 2030 with the ability to increase capacity thereafter to accommodate shipper demand. Capacity commissioning can be accelerated or deferred to align with evolving market dynamics. Solitude is expected to enter service in the second half of 2029, subject to receipt of customary regulatory and other approvals. The joint venture is owned by WhiteWater (50.0%), Devon Energy (25.0%), MPLX (10.0%), Diamondback Energy (7.5%) and Western Midstream Partners (7.5%). I...",
    "summary": "Diamondback Energy, as part of the Solitude Pipeline System joint venture, has made a Final Investment Decision (FID) to construct two 48-inch natural gas pipelines from the Permian Basin to Katy, TX.",
    "location": "Permian Basin, Texas, USA",
    "planning": true,
    "image_url": "https://mmx.prnewswire.com/media/MS1541792/New-WWM-Logo-003-Logo-Logo.jpg?id=OA2888475&p=facebook",
    "confidence": 0.9,
    "assets_tags": [
      "energy",
      "distribution"
    ],
    "published_at": "2026-08-17T11:00:00Z",
    "location_data": [
      {
        "state": "Texas",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN ), MPLX LP (NYSE: MPLX ), Diamondback Energy, Inc. (NASDAQ: FANG ) and Western Midstream Partners, LP (NYSE: WES ), through their Solitude Pipeline System joint venture (\"Solitude\"), have reached a positive Final Investment Decision (\"FID\") to construct two 48-inch natural gas pipelines, each running from the Permian Basin to Katy, TX."
  }
}

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