Rattler Midstream Partners LP

General Information
Business:

 

We are a growth-oriented Delaware limited partnership formed by Diamondback in July 2018 to own, operate, develop and acquire midstream infrastructure assets in the Midland and Delaware Basins of the Permian, one of the most prolific oil producing areas in the world. Immediately following this offering, we expect to be the only publicly-traded, pure-play Permian midstream operator. We provide crude oil, natural gas and water-related midstream services (including fresh water sourcing and transportation and saltwater gathering and disposal) to Diamondback under long-term, fixed-fee contracts. The assets Diamondback has contributed to us include 528 miles of pipeline across the Midland and Delaware Basins with approximately 216,000 Bbl/d of crude oil gathering capacity, 589,000 Bbl/d of SWD capacity, 740,700 Bbl/d of fresh water gathering capacity, 36,000 Mcf/d of natural gas compression capability and 150,000 Mcf/d of natural gas gathering capacity. In addition to the midstream infrastructure assets that Diamondback contributed to us, we also have an option, subject to certain conditions, to acquire equity in a long-haul crude oil pipeline, which will run from the Permian to the Texas Gulf Coast.

Industry: NATURAL GAS TRANSMISSION
Employees: 0
Founded: 2018
Contact Information
Address 500 West Texas, Suite 1200, Midland, TX 79701, US
Phone Number (432) 221-7400.
Web Address http://www.rattlermidstream.com
View Prospectus: Rattler Midstream Partners LP
Financial Information
Market Cap
Revenues $67.5 mil (last 12 months)
Net Income $32.1 mil (last 12 months)
IPO Profile
Symbol RTLR
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Credit Suisse/ BofA Merrill Lynch/ J.P. Morgan
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change