•California Water Service completed the purchase of Palm Mutual Water Company's water system assets after approval by the California Public Utilities Commission.
•The acquisition agreement was announced in May 2025, and Cal Water will serve Palm Mutual customers through its Bakersfield District.
•Viper Energy, a subsidiary of Diamondback Energy, said it completed its acquisition of Riverbend Oil & Gas IX, L.L.C., which owns mineral and royalty interests.
•The deal was completed for $337 million in cash and about 3.7 million shares of Viper Class A common stock, subject to customary post-closing adjustments.
•The company said the cash portion was funded through cash on hand and borrowings under its credit facility.
