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Kinetik Holdings Inc.

Company Summary

Description

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. The Company is headquartered in Midland, Texas and has a significant presence in Houston. Kinetik provides comprehensive gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. 

Operational Regions

  • Alpine High

Related Entities

Recent news

  • 5/18/2022 - GCX's Second Open Season... (subscriber access)
  • 5/12/2022 - Kinetik Reports 1Q22... (subscriber access)
  • 5/12/2022 - Kinetik Signs Two New... (subscriber access)
  • 5/12/2022 - Kinetik Plans to Update... (subscriber access)
  • 2/23/2022 - Altus Midstream Changes... (subscriber access)

Company Transactions

Date: 3/1/2022
Type: Merger

NOTES:
Altus Midstream has announced plans to combine with BCP Raptor Holdco, which is the parent company behind EagleClaw Midstream, Caprock Midstream and Pinnacle Midstream. Altus will issue 50 million Class C common shares to BCP unitholders, which are mainly funds affiliated with Blackstone and I Squared Capital. Once the deal closes in 1Q22, BCP unitholders will own 75% of the proforma company, Apache Midstream will own 20% and current Altus public shareholders will own 5%.
REGIONS:
  • Delaware Basin
  • Date: 5/29/2019
    Type: Acquisition

    DETAILS:

    VOLUMES: 26.7 Percent

    NOTES:
    Altus Midstream exercised and closed its option to acquire a 26.7% equity interest in the Permian Highway Pipeline.
    REGIONS:
  • Permian Basin
  • Date: 2/15/2019
    Type: Acquisition

    DETAILS:

    COST: 113 $MM

    NOTES:
    Acquisition of a 10% equity stake in the EPIC Crude Oil Pipeline System. Based on Noble's estimates, the 10% stake will cost Altus approx. $113 million.
    REGIONS:
  • Permian Basin
  • Gulf Coast
  • Date: 10/1/2018
    Type: Joint Venture

    NOTES:
    Apache & Kayne Anderson Acquisition Corp. (KAAC) have entered into an agreement under which Apache will dedicate its Alpine High midstream assets to Altus Midstream LP, which is jointly owned by the two firms. Upon closing in October 2018, KAAC will be renamed Altus Midstream and will hold all of Apache's midstream assets in the Alpine High. Altus will have a market cap of $3.5 billion at formation, assuming 354.4 million common shares at $10/share. Apache will receive 251.9 million shares and own 71.1% of the firm and Kayne will contribute $952 million in cash.
    REGIONS:
  • Alpine High