Kinetik Holdings Inc. (formerly EagleClaw Midstream)
About
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, NGL, crude oil and water.
The company rebranded from EagleClaw Midstream Ventures upon closing of the merger of Altus Midstream into EagleClaw on Feb. 22.
Editor's note: Updated March 2, 2022.
Headquarters Address
500 W. Illinois, Suite 700
Midland, TX 79701
United States
Website
www.kinetik.comMain Phone Number
Transactions
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
PDC Energy Divests Permian Basin Midstream Assets For $310 Million
PDC Energy Divests Permian Basin Midstream Assets For $310 Million
EagleClaw Midstream Buys Caprock Midstream
EagleClaw Midstream Buys Caprock Midstream
EagleClaw Midstream Buys Caprock Midstream
EagleClaw Midstream Buys Caprock Midstream
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New Financings
Launched an offering of sustainability-linked senior notes due 2030 priced at 99.588% of par. The notes…
Announced a two-for-one split of the company’s Common stock in the form of a stock dividend approved and…
Priced an upsized underwritten secondary offering of roughly 3.5 million shares of its Class A common…
Commenced an underwritten secondary offering of 2.5 million shares of its Class A common stock by Apache…
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News
Permian Resources Divests Delaware Basin Midstream Assets to Kinetik
The deal includes approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for natural gas gathering, compression and processing and crude oil gathering services, Kinetik said.
Midstreamers Say Need for More Permian NatGas Pipelines Inevitable
The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.
Dividends Declared the Week of Oct. 14
As third-quarter earnings are underway, here is a compilation of dividends declared from select upstream and midstream companies.
EPIC Crude Completes Refinancing Amid Permian Pipeline Expansion
The refinancing comes at the heels of Diamondback and Kinetik Holdings acquiring stake in EPIC’s 800-mile crude pipeline, which runs from the Permian Basin to the Gulf Coast.
Howard: The Implications of ONEOK's M&A Binge
ONEOK’s M&A binge has propelled it to near the top of the sector. With so much midstream consolidation, what are its implications?
Diamondback, Kinetik Boost Stake in Permian EPIC Crude Pipeline
Diamondback Energy, in partnership with Kinetik, is boosting its takeaway capacity and ownership stake in the EPIC Crude pipeline after closing a $26 billion Permian Basin acquisition.
Same Game, Fewer Players: Midstream M&A Stands Apart from E&P Sector
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
Kinetik Closes Acquisition of Durango’s New Mexico Delaware G&P Assets
Kinetik Holdings closed a $765 million acquisition of Durango Permian LLC, deepening Kinetik’s footprint of gas gathering and processing assets in the Delaware Basin.
Kinetik Sells $540MM Stake in Gulf Coast Express Pipeline
Kinetik Holdings’ $540 million deal will help the midstream company pay for its recently announced acquisition of Durango Permian Infrastructure.
Permian Takeaways: Rebuilding the Most Prolific Paradigm in the US
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
Sell High, Invest Low: Kinetik CEO on Creating Value with Durango Deal
Kinetik CEO Jamie Welch walks through the company's process for acquiring Durango Permian, including selling its 16% stake in the Gulf Coast Express pipeline, and shares his takeaways on challenges in the Permian today, in this Hart Energy Exclusive interview.
Future Permian Gas Pipeline May Have a Difficult Route to Follow
Kinetik Midstream’s CEO Jamie Welch sees more expensive and longer pipeline paths causing complications for midstream companies.
Kinetik Launches Delaware Basin M&A Valued at $1.3B
Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Exclusive: Kinetik's Projects, Plans for the Delaware [WATCH]
Kinetik is a relatively new company, having been formed just last year with the merger of Altus Midstream and EagleClaw Midstream. In this Hart Energy LIVE Exclusive, Kinetik CFO Trevor Howard walks through Kinetik's big projects and future plans