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)
Tax: Stephen Marcus (Partner, Dallas); Jordan Hahn (Senior Associate, Dallas)
Environmental: Aileen Hooks (Partner, Austin)
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