EagleClaw-Altus merger creates $9 billion company

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 – […]


Midstream merger paving way for Apache reinvestment in Permian

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. […]


EagleClaw Midstream CEO Selected For Two Awards from ALLY

CEO and President Jamie Welch Wins ALLY Executive Award And Team Award for Company’s Carbon Reduction Plan HOUSTON, October 26, 2021 — EagleClaw Midstream today announced that Jamie Welch, President and CEO of EagleClaw Midstream was selected to win an ALLY Executive Award for his leadership during the global pandemic, and he won an ALLY Team Award for his role in establishing the company’s carbon reduction plan as part of its net zero greenhouse gas […]


Combination of EagleClaw and Altus to create midstream ‘super system’ in Delaware Basin: CEO

The reverse merger acquisition of Altus Midstream by EagleClaw Midstream in the Permian’s still-booming Delaware Basin will create a “super system” in the region that is set to benefit from increasing drilling activity because of multiyear high natural gas and crude oil prices, EagleClaw CEO Jamie Welch, who will lead the combined company, said in an Oct. 22 conference call. Read the Full Article Source: S&P Global


Altus Midstream Company and EagleClaw Midstream to merge

Altus Midstream Company, a subsidiary of Apache Corp, will merge with BCP Raptor Holdco LP, which is backed by Blackstone and I Squared Capital.   Read the Full Article Source: PE Hub


EagleClaw to Combine with Apache’s Altus Midstream in All-Stock Transaction

Altus Midstream Co. agreed to an all-stock business combination with Midland, Texas-based EagleClaw Midstream on Oct. 21. The combination creates the largest pure-play midstream company in the Permian Basin—one of the world’s most prolific hydrocarbon basins, providing the scale, operational capabilities and fully integrated service offerings necessary for long-term success, according to Jamie Welch, president and CEO of EagleClaw. “This transaction is a transformative event for all parties and their respective stakeholders,” Welch commented in […]


Altus And EagleClaw Announce All-Stock Business Combination; Creates a Leading Pure-Play Permian Integrated Midstream Company with a Capital Return Focus

HOUSTON, Oct. 21, 2021 – Altus Midstream Company (Nasdaq: ALTM) (“Altus”) announced today it will combine with privately-owned BCP Raptor Holdco LP (“BCP”) in an all-stock transaction. BCP is the parent company of EagleClaw Midstream, which includes EagleClaw Midstream Ventures, the Caprock Midstream and Pinnacle Midstream businesses, and a 26.7% interest in the Permian Highway Pipeline. As consideration for the transaction, Altus will issue 50 million Class C common shares (and its subsidiary, Altus Midstream […]


EagleClaw Midstream Helps Pecos, TX With Beautification Efforts

More than one dozen employees from EagleClaw Midstream volunteered to help the City of Pecos in their Beautification Project. More 20 tons of decorative rock and over 100 plants suitable for the tough weather conditions of west Texas were planted at the two entrances to the cemetery. EagleClaw Midstream employees were also joined by volunteers from Rival Energy Services, a valued partner. Equipment for the project was donated by Garland Roustabout Services and Admont Oilfield […]


EagleClaw Midstream Community Involvement

EagleClaw Midstream employees in Houston volunteered to plant more than 500 plants at Memorial Park, a +1,500 acre park in the middle of Houston. The Park is undergoing significant improvements and renovations, and EagleClaw Midstream was glad to step in and help. According to Park officials, more than 100,000 plants are planted in October to further add to the natural beauty of Memorial Park.


ESG Opportunitiy for Water Management Emerges in Permian Basin

B3 Insight’s Oilfield Water Stewardship Council aims to establish industry-endorsed ESG reporting standards for oil and gas industry water management. Water management in the Permian Basin has grown dramatically in the last decade. In 2019 alone, eight billion barrels of produced water were generated—enough to fill four Empire State Buildings to the brim every day. In recent years, increased social awareness and investor concerns on ESG factors have intensified. The drive for related ESG metrics, particularly […]