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: | 676 |
Founded: | 2007 |
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 | $2651.3mil |
Revenues | $245.8 mil (last 12 months) |
Net Income | $87.9 mil (last 12 months) |
IPO Profile | |
Symbol | RTLR |
Exchange | NASDAQ |
Shares (millions): | 38.0 |
Price range | $17.50 - $17.50 |
Est. $ Volume | $665.0 mil |
Manager / Joint Managers | Credit Suisse/ BofA Securities/ J.P. Morgan/ Barclays/ Citigroup/ Goldman Sachs/ Wells Fargo Securities |
CO-Managers | Capital One Securities/ Scotia Howard Weil/ SunTrust Robinson Humphrey/ UBS Investment Bank/ Evercore/ Morgan Stanley/ RBC Capital Markets/ Simmons Energy/ Tudor, Pickering, Holt/ Raymond James/ Seaport Global/ Northland Capital Markets/ PNC Capital Markets/ TD Securities |
Expected To Trade: | 5/23/2019 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |