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, 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
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 […]
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 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.
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 […]
EagleClaw Midstream Chief Executive Officer and President Jamie Welch is named a finalist for an 2021 ALLY GRIT award.
EagleClaw Midstream Chief Executive Officer and President Jamie Welch is named a finalist for an 2021 ALLY GRIT award. He was one of 65 individuals named as a finalist from more than 400 entries around the world. Winners will be selected by ALLY at an awards event in Houston on October 26. Read the Full Article Source: WRDE.com
EagleClaw Midstream is glad to participate in the most recent report published by The Environmental Partnership
EagleClaw Midstream is glad to participate in the most recent report published by The Environmental Partnership. We are pleased to demonstrate our commitment to safe and environmentally responsible operations. View the Report Source: The Environmental Partnership
EagleClaw Midstream donated about 4,000 bottles of water to first responders, family members and members of the public as they participated the Tall City Memorial Stair Climb, climbing the equivalent of 110 stories in remembrance of first responders that gave their life as well as civilians who died in the Sept, 11 2001 terror attacks. Read the Full Article Source: MRT.com