Kinetik Holdings Inc. entered agreements for around $1 billion to expand its New Mexico operations and footprint in Permian’s Delaware sub-basin. The Permian Basin pure-play agreed to acquire Durango Midstream LLC for $315 million, with up to $75 million contingent on the final cost of Durango’s Kings Landing project in Eddy County, NM. The 200…
Kinetik
Articles from Kinetik
Kinetik Posts Record Natural Gas Processing Volumes in Permian Despite Blistering Heat
Permian Basin pure-play Kinetik Holdings Inc., whose midstream operations transport natural gas to Gulf Coast markets and beyond, set a processing record in the second quarter, even as high temperatures stalled some exploration and production (E&P) customer operations. The Midland, TX-based operator was created last year in an all-stock transaction between EagleClaw Midstream and Altus…
August 16, 2023
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