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Energen Resources Corp

Disclosed activity across 1 company

Tapewire entity
157117
SEC CIK
0001771397

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CompanyLast reported asReport datePublished
RATTLER MIDSTREAM LPRTLR · Entity 124281DirectorMay 28, 2019May 29, 2019

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Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

RATTLER MIDSTREAM LP

Report date May 28, 2019 · Filed May 29, 2019

Jointly reported with Diamondback Energy, Inc.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Class B Units representing limited partner interestsSEC Table II · derivative / convertible securityIndirectBy Subsidiary107,815,152 Reported balance After 2019-05-28 transaction · row 1 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 1 · 2019-05-28 · Grant · Acquired 107,815,152 · Balance 107,815,152

F1: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F3: These securities were acquired by Energen Resources Corporation in connection with the contribution of $1,000,000 to the Partnership.

F5: This Form 4 is being filed jointly by Diamondback Energy, Inc. and Energen Resources Corporation (together, the "Reporting Persons"). Diamondback Energy, Inc. is the sole shareholder of Energen Corporation, which is the sole shareholder of Energen Resources Corporation, and Diamondback Energy, Inc. is the sole member of the General Partner, which owns the non-economic general partner interest in the Partnership.

Units in Rattler Midstream Operating LLCSEC Table II · derivative / convertible securityIndirectBy Subsidiary107,815,152 Reported balance After 2019-05-28 transaction · row 2 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 2 · 2019-05-28 · Grant · Acquired 107,815,152 · Balance 107,815,152

F1: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F4: These securities were acquired by Energen Resources Corporation in consideration for the tender of its previous membership interests in Rattler Midstream Operating LLC.

F5: This Form 4 is being filed jointly by Diamondback Energy, Inc. and Energen Resources Corporation (together, the "Reporting Persons"). Diamondback Energy, Inc. is the sole shareholder of Energen Corporation, which is the sole shareholder of Energen Resources Corporation, and Diamondback Energy, Inc. is the sole member of the General Partner, which owns the non-economic general partner interest in the Partnership.

Filing footnotes · ownership attribution and instrument terms

F1: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F3: These securities were acquired by Energen Resources Corporation in connection with the contribution of $1,000,000 to the Partnership.

F4: These securities were acquired by Energen Resources Corporation in consideration for the tender of its previous membership interests in Rattler Midstream Operating LLC.

F5: This Form 4 is being filed jointly by Diamondback Energy, Inc. and Energen Resources Corporation (together, the "Reporting Persons"). Diamondback Energy, Inc. is the sole shareholder of Energen Corporation, which is the sole shareholder of Energen Resources Corporation, and Diamondback Energy, Inc. is the sole member of the General Partner, which owns the non-economic general partner interest in the Partnership.

Transaction history

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Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
May 28, 2019 Filed May 29, 2019 22:35 UTC RATTLER MIDSTREAM LP RTLR · Entity 124281 GrantUnits in Rattler Midstream Operating LLC · Derivative 107,815,152 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-19-015080 · doc4.xml · derivative · entry 2

Diamondback Energy, Inc. · CIK 0001539838 · Director

Energen Resources Corp · CIK 0001771397 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Subsidiary

Disclosed balance after: 107,815,152

Underlying: Common units representing limited partner interests · 107,815,152 shares

Expires not disclosed

F1 · derivative.exercise_price: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.exercise_price: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F4 · price: These securities were acquired by Energen Resources Corporation in consideration for the tender of its previous membership interests in Rattler Midstream Operating LLC.

F1 · derivative.exercise_date: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.exercise_date: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F1 · derivative.expiration_date: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.expiration_date: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F1 · derivative.underlying_shares: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.underlying_shares: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F1 · balance_after: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · balance_after: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F5 · ownership.nature: This Form 4 is being filed jointly by Diamondback Energy, Inc. and Energen Resources Corporation (together, the "Reporting Persons"). Diamondback Energy, Inc. is the sole shareholder of Energen Corporation, which is the sole shareholder of Energen Resources Corporation, and Diamondback Energy, Inc. is the sole member of the General Partner, which owns the non-economic general partner interest in the Partnership.

Read SEC document
May 28, 2019 Filed May 29, 2019 22:35 UTC RATTLER MIDSTREAM LP RTLR · Entity 124281 GrantClass B Units representing limited partner interests · Derivative 107,815,152 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-19-015080 · doc4.xml · derivative · entry 1

Diamondback Energy, Inc. · CIK 0001539838 · Director

Energen Resources Corp · CIK 0001771397 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Subsidiary

Disclosed balance after: 107,815,152

Underlying: Common units representing limited partner interests · 107,815,152 shares

Expires not disclosed

F1 · derivative.exercise_price: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.exercise_price: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F3 · price: These securities were acquired by Energen Resources Corporation in connection with the contribution of $1,000,000 to the Partnership.

F1 · derivative.exercise_date: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.exercise_date: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F1 · derivative.expiration_date: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.expiration_date: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F1 · derivative.underlying_shares: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · derivative.underlying_shares: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F1 · balance_after: Pursuant to an exchange agreement, dated May 28, 2019, certain holders can tender units in Rattler Midstream Operating LLC ("OpCo") and an equal number of Class B units ("Class B Units") representing limited partner interests in Rattler Midstream LP (the "Partnership") (together, the "Tendered Units") for redemption by the Partnership and OpCo. Such holder has the right to receive, at the election of OpCo with the approval of the conflicts committee of the board of directors of Rattler Midstream GP LLC, the general partner of the Partnership (the "General Partner"), either the number of common units representing limited partner interests in the Partnership ("Common Units") equal to the number of Tendered Units or a cash payment equal to the sum of (i) the number of Tendered Units multiplied by the average daily trading price of the Common Units for the prior 20 days plus (ii) the number of Tendered Units multiplied by the quotient of $1,000,000 divided by the number of then outstanding

F2 · balance_after: (Footnote 1 continued) Class B Units. In addition, the Partnership has the right but not the obligation, to directly purchase such Tendered Units for, subject to the approval of the conflicts committee of the board of directors of the General Partner, cash or Common Units at its election.

F5 · ownership.nature: This Form 4 is being filed jointly by Diamondback Energy, Inc. and Energen Resources Corporation (together, the "Reporting Persons"). Diamondback Energy, Inc. is the sole shareholder of Energen Corporation, which is the sole shareholder of Energen Resources Corporation, and Diamondback Energy, Inc. is the sole member of the General Partner, which owns the non-economic general partner interest in the Partnership.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.