Kinetik News

CEO and President of Kinetik Jamie Welch and other senior leaders from Kinetik were on hand in New York City on Friday, February 25 to celebrate the first day of trading for Kinetik (NASDAQ:  KNTK).  Welch adds, “Kinetik has tremendous operating leverage with 2 Bcfpd of existing processing capacity that supports meaningful volume growth with minimal capital spend. The Company is uniquely positioned to significantly grow…” Photo Credit: Nasdaq, Inc./ Vanja Savic

Kinetik Issues 2022 Guidance and Announces Capital Allocation Update MIDLAND, Texas and HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) — Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”, the “Company” or “we”) today provided full year 2022 Guidance. Highlights Super-system interconnect to be completed in June 2022 allowing for 500 Mmcfpd of bi-directional capacity flow between the legacy Altus Midstream and BCP Raptor systems Upside to original $50 million run-rate EBITDA synergy estimate, including a new gathering and […]

KNTK will start trading on the NASDAQ effective tomorrow Kinetik also updates details on Independent Board Members MIDLAND, Texas and HOUSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) — Kinetik Holdings Inc. (“Kinetik”, the “Company” or “we”) today announced the completion of the business combination of Altus Midstream Company (Nasdaq: ALTM) (“Altus”) and BCP Raptor Holdco LP (“BCP”), creating a unique, fully integrated midstream company. Kinetik is the only pure-play midstream company in the Texas Delaware Basin, […]

Newly Combined Company to be renamed Kinetik at Closing with the New Ticker Symbol “KNTK” HOUSTON, Feb. 10, 2022 (GLOBE NEWSWIRE) — Altus Midstream Company (Nasdaq: ALTM) today announced that its shareholders voted in favor of the previously announced business combination with BCP Raptor Holdco, LP (“BCP”), the parent company of the EagleClaw Midstream business. The all-stock business combination is expected to close on or around Feb. 22, 2022 (“Closing”). New Company Name Altus also […]

EagleClaw Midstream employees from the Midland office recently volunteered at the West Texas Food Bank in Midland, TX.  The West Texas Food Bank has been feeding families in entire West Texas area for more than 35 years, and provides food to individuals across 34,000 square miles of Texas.  Employees assisted in inspecting, washing and repacking items.  EagleClaw Midstream encourages employees to give back to the communities in which they live and work, and provides 8 […]

EagleClaw Midstream is among the 45 members of ONE Future reporting methane emissions data for the 2020 ONE Future annual report being released today.  ONE Future members beat the 1% intensity goal by 58% in 2020.  Said another way, the members were 99.58% efficient in delivering a molecule of gas from the rig to the burner tip.  EagleClaw Midstream reports in the Gathering & Boosting and Processing sectors, which beat their sector goals by 47% […]

EagleClaw Midstream’s Chief Strategy Officer Anne Psencik spoke recently at the Women’s Global Leadership Conference In Energy event on a panel regarding compensation and pay issues for women in the energy industry (“The NPV of pay:  Employee Retention”). She participated in a panel discussion regarding the wage gap and how to best retain talent in the energy industry. In addition the panel discussed the significant progress being made by European companies such as Shell and […]

EagleClaw Midstream employees in Houston braved the cool weather to spend the morning at Houston’s 1,500 acre Memorial Park to plant flowers and grasses and remove invasive weed species. Helping beautify the communities where we live and work is how we roll at the Claw.

EagleClaw Midstream and Altus Midstream are combining into a new entity that will be the largest integrated midstream company in the Delaware Basin. Coming early next year is a new midstream entity comprised of the assets of Altus Midstream and EagleClaw Midstream. Apache Corp. owns 79 percent of Altus through its Apache Midstream subsidiary while BCP Raptor Holdco LP owns EagleClaw and the Caprock Midstream and Pinnacle Midstream businesses. When combined, the new entity – […]

The merger of two midstream gas operators in the Delaware Basin — Altus Midstream Co. (Nasdaq: ALTM) and BCP Raptor Holdco LP — will also pave the way for Houston-based Apache Corp. to reinvest in a resource play that previously attracted billions in capital expenditure. Apache, a subsidiary of APA Corp. (Nasdaq: APA), is evaluating a fresh round of spending on its Alpine High discovery in the Delaware Basin in 2022, according to an Oct. […]