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%.
NOTES:
EagleClaw Midstream and funds managed by Blackstone Energy announced that I Squared Capital has committed over $500 million in cash and its Delaware Basin portfolio held by Pinnacle Midstream to EagleClaw. I Squared has also become a partner in BCP Raptor Holdco, the parent company of EagleClaw.