Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Prices Upsized Initial Public Offering of Common Units

May 22, 2019

MIDLAND, Texas, May 22, 2019 (GLOBE NEWSWIRE) -- Rattler Midstream LP ("Rattler"), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback"), and Diamondback today announced the pricing of Rattler’s initial public offering of 38,000,000 common units representing limited partner interests at $17.50 per common unit. The 38,000,000 offering of common units represents a 4,666,667 unit upsize to the originally proposed 33,333,333 offering of common units. In addition, Rattler has granted the underwriters a 30-day option to purchase up to an additional 5,700,000 common units at the initial public offering price. The common units are expected to begin trading on the NASDAQ Global Select Market on May 23, 2019 under the ticker symbol "RTLR." The offering is expected to close on May 28, 2019, subject to customary closing conditions.

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