Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Closing of Drop Down Transaction
Rattler Midstream LP - Common Units Representing Limited Partnership Interests (RTLR)
Last rattler midstream lp - common units representing limited partnership interests earnings: 2/18 04:01 pm
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Source: GlobeNewswire
MIDLAND, Texas, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced the closing of the previously announced drop down transaction with Diamondback. Rattler, through its operating subsidiary, acquired certain water midstream assets from Diamondback for $160 million in cash, and Rattler and Diamondback amended commercial agreements covering the produced water gathering and disposal and sourced water gathering services between Rattler and Diamondback to add certain Diamondback leasehold acreage to the Rattler dedication. Rattler funded the transaction through cash on hand and borrowings under its revolving credit facility. About Rattler Midstream LP Rattler Midstream LP is a Delaware limited partnership formed by Diamondback Energy to own, operate, develop and acquire midstream and energy-related infrastructure assets. Rattler owns crude oil, natural gas and water-r
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