News

Rattler Midstream LP (Nasdaq: RTLR), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG), and Oryx Midstream, 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, subject to certain adjustments under the purchase and sale agreement. The transaction is anticipated to close in the fourth quarter of 2019, subject to certain closing conditions.

Oryx Midstream Services (Oryx), the largest privately-held midstream crude operator in the Permian Basin, announced today that an affiliate of Qatar Investment Authority (QIA) has acquired a significant stake in Oryx from an affiliate of Stonepeak Infrastructure Partners (Stonepeak). In addition, QIA has committed to invest in the development of Oryx alongside Stonepeak. The total QIA investment in Oryx will be approximately $550 million.

Oryx Delaware Oil Transport LLC announced today that it has extended its binding open season to secure volume commitments on two new crude oil transportation movements on its regional crude oil transportation system serving the liquids-rich Delaware Basin in Texas and New Mexico.

Oryx Midstream Services II, LLC announced today that its operating subsidiary, Oryx Delaware Oil Transport LLC has launched a binding open season to secure volume commitments to support the proposed construction and development of new crude oil transportation movements on its regional crude oil transportation system serving the liquids-rich Delaware Basin in Texas and New Mexico.

Affiliates of Quantum Energy Partners, Post Oak Energy Capital, Concho Resources  and other investors announced they have entered into a binding agreement to sell substantially all of the assets of Oryx Southern Delaware Holdings LLC and Oryx Delaware Holdings LLC  to funds managed by Stonepeak Infrastructure Partners for a cash purchase price of approximately $3.6 billion.