Merger at a Glance
Creating Delaware Basin’s largest publicly traded, fully integrated midstream company.
EagleClaw Midstream and Altus Midstream have merged in an all-stock business combination creating Kinetik — the largest publicly traded, fully integrated midstream company in the Delaware Basin. As a leading, pure play Permian midstream logistics and long-haul transportation company, Kinetik will offer expanded services and benefits to customers, investors, employees and the communities where we operate.
Kinetik = Greater Reliability & Flexibility
Kinetik’s combined complementary systems and greater scale result in enhanced reliability and flexibility for customers. As our systems have grown, we can help our customers grow and have the capabilities to handle greater volumes. Our post-merger assets are all of similar, contemporary vintage and technology yielding enhanced reliability and state of the art system efficiencies.
Robust Capacity to Serve the Permian
Kinetik is now the 3rd largest natural gas processor in the entire Permian Basin and the largest in the Delaware Basin with ~2 Bcfpd processing capacity. We maintain over 470,000 horsepower of gas compression capacity, 90,000 barrels of crude storage capacity, manage over 500,000 barrels per day of water injection capacity and serve nearly 850,000 dedicated acres.
Broad Reach from West Texas to the Gulf Coast
Kinetik’s gathering and processing system in the Delaware Basin is accompanied by a suite of newly constructed downstream long haul pipelines that transport hydrocarbons from the Permian Basin to demand centers along the Gulf Coast. These assets, operated by our various partners, service a critical need in the midstream value chain to deliver energy to the consumers in safe, reliable and cost effective manner.
“We work hard to do things the right way every time.”
Industry-Leading Sustainability Standards
As Kinetik, we will maintain best-in-class sustainability practices implemented at EagleClaw. In addition to ESG reporting and ESG metrics incorporated into compensation frameworks, our ESG initiatives include powering facilities with 100% renewable electricity, emissions monitoring and leak detection, optimizing use of electric compression assets, implementing social investment models in Houston and West Texas communities and greening the Alpine High system.
Unique Investment Opportunity
The merger provides a unique opportunity to invest in an unparalleled, fully integrated Delaware Basin midstream company with a capital returns focus. Kinetik is well positioned to capture meaningful synergies and pursue future accretive growth opportunities in the Permian Basin.