One-Page Deal Sheet
Rattler / Oryx JV to Acquire Reliance Gathering LLC for $355MM
Oryx Midstream Services Llc, Rattler Midstream LP Reliance Gathering LLC
Announced Date
October 03,2019
Transaction Type
Corporate
Location
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Midland ,Martin ,Andrews ,Ector
Play
Transaction Details: Require Private Equity Subscription
Rattler Midstream LP, a subsidiary of Diamondback Energy Inc., and Oryx Midstream (“Oryx”), a portfolio company of Stonepeak Infrastructure Partners, announced that their newly-formed joint venture entity has entered into a definitive purchase and sale agreement to acquire Reliance Gathering, LLC for $355 million in cash.
The transaction is anticipated to close in the fourth quarter of 2019, subject to certain closing conditions.
Acquisition Highlights: Crude oil gathering system includes over 230 miles of gathering and regional transportation pipelines and approximately 200,000 barrels of…Permian - Midland Basin Deal Activity In Last 12 Months
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| Jan-22-2022 |
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| Nov-06-2019 |
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| Dec-18-2018 |
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| Oct-02-2017 |
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