Rattler, Oryx Midstream JV Acquires Reliance Gathering For $355 Million

Transaction Type

Sellers

Reliance Gathering LLC

Buyers

Rattler Midstream LP

Diamondback Energy Inc.

Oryx Midstream Services LLC

Stonepeak Infrastructure Partners Co.

Basin

Permian Basin; Midland Basin

Announce Date

Thu, 10/03/2019 - 12:00 PM

Post Date

Nov 12, 2019

Close Date

Tue, 11/12/2019 - 12:00 PM

Estimated Price

$355.0MM

Description

Acquired through a newly-formed JV to acquire Reliance Gathering; includes gathering system in the Permian's Northern Midland Basin.