Apache, KAAC to form $3.5-billion pure-play Permian midstream C-corp

Apache Corp. will contribute its midstream assets at Alpine High to Altus Midstream LP, a partnership jointly owned by Apache and Kayne Anderson Acquisition. At closing, KAAC will be renamed Altus Midstream Co., a C-corporation anchored by substantially all of Apache’s gathering, processing, and transportation assets at Alpine High in the Delaware basin.


Source: News