| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
38 |
| Employees |
732 |
| Revenues (TTM) (Millions $) |
404 |
| Net Income (TTM) (Millions $) |
176 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
62 |
Business Description
Rattler Midstream Lp is a publicly traded, growth-oriented midstream energy company that focuses on the gathering and processing of natural gas and crude oil from the Permian Basin, which is located in West Texas and southeastern New Mexico. The company is a subsidiary of Diamondback Energy, Inc. and was established in 2018.
Rattler Midstream operates through two main segments: the midstream business segment and the water solutions segment. The midstream business segment focuses on the gathering and processing of natural gas and crude oil, and it primarily consists of gathering systems, compression and processing facilities, and fractionation units. The water solutions segment focuses on water sourcing, water gathering, and freshwater disposal, and it primarily consists of pipelines, storage facilities, and injection wells.
One of Rattler Midstreames key assets is its gathering and processing system, which is designed to efficiently gather and process natural gas and crude oil from wells located in the Permian Basin. The companyes gathering system spans over 270 miles and contains approximately 600,000 horsepower of compression. Additionally, Rattler Midstream operates more than 500 million cubic feet per day (MMcf/d) of natural gas processing capacity, which allows the company to process and treat natural gas for its customers.
Rattler Midstream has a strong customer base, which includes Diamondback Energy and other large exploration and production companies in the Permian Basin. The companyes customer contracts are typically long-term, providing Rattler Midstream with stable cash flow and revenue.
Another significant asset of Rattler Midstream is its water infrastructure. The company operates a large water recycling system that can treat over 1 billion gallons of produced water per day. The system is designed to minimize the need for freshwater sourcing and to reduce the amount of wastewater that is disposed of in deep injection wells. Rattler Midstreames water system also includes a network of pipelines, storage facilities, and injection wells that provide access to freshwater sources and allow for the safe and efficient disposal of produced water.
Overall, Rattler Midstream is a well-established midstream energy company that has a strong focus on the Permian Basin. The companyes midstream and water solutions segments provide valuable services to its customers, which helps to support the regiones continued growth and development in the energy sector.
Company Address: 500 West Texas Ave Midland 79701 TX
Company Phone Number: 221-7400 Stock Exchange / Ticker: NASDAQ RTLR
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