Diamondback Energy Launches IPO For Rattler Midstream Subsidiary
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Midland Basin; Central Basin Platform; Northwest Shelf; Eastern Shelf
Announce Date
Post Date
Close Date
Estimated Price
$285.0MM
Description
Purchased, in separate transactions, a package of 103,423 net acres in the Central Basin Platform, Eastern Shelf and the Northwest Shelf plus 6,589 net acres in the Southern Midland Basin in Crockett and Reagan counties, TX; estimated full-year 2019 net production is about 6,500 boe/d from over 3,000 producing wells. (Editor's note: Sabinal Energy a buyer per BMO Capital Markets; price updated at closing.)