A surge in US output is unlikely despite current prices
US shale producer reabsorbs pipeline subsidiary
Diamondback’s reversal of its midstream spin-off may reflect expectations of no new US oil boom
US independent Diamondback Energy was saying as recently as early May that Rattler, the listed midstream subsidiary its parent took public in 2019, had “interests fully aligned with upstream operations” and remained a “vehicle for participation in non-upstream investment opportunities such as long-haul pipelines”. Just a fortnight later, the firm announced an all-share agreement to take the outstanding 26pc of Rattler fully back into Diamondback ownership. “The energy landscape has transformed dramatically since Rattler was taken public in 2019, and we believe this agreement to merge companies is in the best interests of both Diamondback and Rattler stakeholders,” says Diamondback CEO Travi
Also in this section
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
20 March 2026
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
20 March 2026
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
