EnLink Midstream’s Acquisition of Amarillo Rattler

Baker Botts LLP advised EnLink Midstream on the deal.

EnLink Midstream, LLC (“ENLC”) acquired all of the equity interests in Amarillo Rattler, LLC, which owns a gathering and processing system in the Midland Basin. The purchase price for the transaction was $60 million (including $10 million to be paid in 2022) and an earnout capped at $15 million based on Diamondback Energy’s drilling activity on dedicated acreage above historical levels.

The Baker Botts team included: Preston Bernhisel (Partner, Dallas, Picture); Nic O’Brien (Associate, Dallas); Derek Gabriel (Associate, Dallas); Stephen Marcus (Partner, Dallas); Jordan Hahn (Senior Associate, Dallas); Aileen Hooks (Partner, Austin).
 

Involved fees earner: Preston Bernhisel – Baker Botts LLP; Derek Gabriel – Baker Botts LLP; Jordan Hahn – Baker Botts LLP; Aileen Hooks – Baker Botts LLP; Stephen Marcus – Baker Botts LLP; Nic O’Brien – Baker Botts LLP;

Law Firms: Baker Botts LLP;

Clients: EnLink Midstream LLC;

Author: Martina Bellini