News Releases

Baker Botts Represents EnLink Midstream, LLC in Acquisition of Amarillo Rattler, LLC

Release

Deal Description: On April 30, 2021, a subsidiary of EnLink Midstream, LLC (“ENLC”) acquired all of the equity interests in Amarillo Rattler, LLC, which owns a gathering and processing system in the Midland Basin. The purchase price for the transaction was $60 million (including $10 million to be paid in 2022) and an earnout capped at $15 million based on Diamondback Energy’s drilling activity on dedicated acreage above historical levels.

Baker Botts represented ENLC in the acquisition.

Baker Botts Lawyers / Office Involved:

Corporate: Preston Bernhisel (Partner, Dallas); Nic O’Brien (Associate, Dallas); Derek Gabriel (Associate, Dallas)

TaxStephen Marcus (Partner, Dallas); Jordan Hahn (Senior Associate, Dallas)

Environmental: Aileen Hooks (Partner, Austin)

 

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Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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