Oryx Midstream and Rattler Midstream Joint Venture’s $355 Million Acquisition Of Reliance Gathering, LLC


Sidley Austin represented Reliance Midstream, LLC.

Sidley represented Reliance Midstream, LLC in its sale of all of the equity interests of Reliance Gathering, LLC to a joint venture between affiliates of Oryx Midstream and Rattler Midstream LP (Nasdaq: RTLR), a subsidiary of Diamondback Energy, Inc.(Nasdaq: FANG), for a purchase price of US$355 million.

The team was led by M&A/energy partner Mark Metts (Picture) and associate Katy L. Lukaszewski. The team also included M&A/energy associates Jeff Kinney, Adam R. Prestidge and Tanner L. Groce.

Involved fees earner: Tanner Groce – Sidley Austin LLP; Jeff Kinney – Sidley Austin LLP; Katy Lukaszewski – Sidley Austin LLP; Mark Metts – Sidley Austin LLP; Adam Prestidge – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Reliance Midstream, LLC;