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
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery