Rattler Midstream LP: insider trades · United States · SEC (Form 4)

About Rattler Midstream LP

Rattler Midstream LP is a U.S.-based midstream infrastructure company originally created by Diamondback Energy to own, operate, develop, and acquire energy-related assets in the Midland and Delaware basins of the Permian Basin in Texas. The company was formed in July 2018 and went public in May 2019; its common units traded on the Nasdaq Global Select Market under the ticker RTLR, and its headquarters were in Midland, Texas, United States. Rattler’s business was built around fee-based, long-term infrastructure services rather than direct commodity production. Its core operating lines included crude oil and natural gas gathering and transportation, compression services, produced-water gathering and disposal, and water sourcing and distribution. The company also reported a smaller real estate operations segment, alongside its midstream services segment. Geographically, Rattler was heavily concentrated in the United States, especially in West Texas and the Permian Basin, one of the most active oil-producing regions in North America. In competitive terms, Rattler benefited from being closely aligned with Diamondback Energy, which gave it a strong anchor customer and visibility over development activity in the basin. That relationship supported utilization across its infield systems and helped underpin a largely contracted, infrastructure-driven cash flow profile. A major milestone in the company’s history came in August 2022, when Diamondback completed the merger of Rattler and Rattler ceased to be a separately listed public company on Nasdaq. As a result, RTLR is best understood today as a historical public-market midstream vehicle rather than an independently traded operating company. For investors, the key analytical takeaway is that Rattler represented a focused Permian midstream platform with a strategic customer relationship, an infrastructure-heavy asset base, and limited geographic diversification outside the United States. Its legacy remains relevant for understanding Diamondback’s integrated energy logistics footprint, especially in water handling, gathering, and transportation assets tied to Permian development.