Diamondback Energy, Inc. and Rattler Midstream LP Announce Completion of Merger
August 24 2022 - 4:01PM
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) and Rattler
Midstream LP (NASDAQ: RTLR) (“Rattler”) today announced the
completion of the previously announced merger between Rattler and
Diamondback. The merger resulted in Diamondback acquiring all of
the limited partner interests in Rattler not already owned by
Diamondback and its subsidiaries. Each public unitholder of Rattler
received 0.113 of a share of common stock in Diamondback in
exchange for each Rattler common unit owned.
Effective August 24, 2022, Rattler’s common
units will no longer be listed on The Nasdaq Global Select Market,
and it will cease to be a publicly traded company.
About Diamondback Energy, Inc.
Diamondback is an independent oil and natural
gas company headquartered in Midland, Texas focused on the
acquisition, development, exploration and exploitation of
unconventional, onshore oil and natural gas reserves in the Permian
Basin in West Texas. For more information, please visit
www.diamondbackenergy.com.
About Rattler Midstream LP
Rattler Midstream LP is a Delaware limited
partnership formed by Diamondback to own, operate, develop and
acquire midstream and energy-related infrastructure assets. Rattler
owns crude oil, natural gas and water-related midstream assets in
the Permian Basin that provide services to Diamondback and third
party customers under primarily long-term, fixed-fee contracts. For
more information, please visit www.rattlermidstream.com.
Investor Contacts:
Diamondback Energy, Inc.
Adam Lawlis+1
432.221.7467alawlis@diamondbackenergy.com
Rattler Midstream LP
Adam Lawlis+1
432.221.7467alawlis@rattlermidstream.com
Jared Carameros+1
432.247.6213jcarameros@rattlermidstream.com
Rattler Midstream (NASDAQ:RTLR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rattler Midstream (NASDAQ:RTLR)
Historical Stock Chart
From Apr 2023 to Apr 2024