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
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
