Houston-based Altus Midstream Co. has started up the first of three cryogenic processing trains at the Diamond Cryo Complex in West Texas, helping to alleviate Alpine High natural gas shut-ins by its primary customer Apache Corp.
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Altus Acquires Stakes in Permian Highway Natural Gas Pipeline
Houston-based Altus Midstream Co., which owns most of the assets servicing Apache Corp.’s Alpine High in the Permian Basin, has exercised an option to acquire a 26.7% stake in the 2 Bcf/d Permian Highway Pipeline (PHP), which when completed could deliver natural gas from West Texas to the Gulf Coast.
May 30, 2019
Apache Leveraging Alpine High in Midstream Venture with Kayne Anderson
Houston-based Apache Corp. and Kayne Anderson Acquisition Corp. (KAAC) late Wednesday agreed to form a pure-play Permian Basin midstream operator to hold substantially all of Apache’s gathering, processing and transportation assets in the No. 1 prospect Alpine High.
August 9, 2018