Acquiring 15% of Kinder Morgan’s Waha-to-Corpus gas line
Altus Midstream (ticker: ALTM) has begun to expand its takeaway ability by acquiring a stake in the Gulf Coast Express pipeline according to a statement today.

Altus said it has exercised its option to acquire a 15% interest in Kinder Morgan (ticker: KMI)’s new Waha to Corpus Christi gas pipeline.

The Gulf Coast Express, which can transport 1.98 Bcf/d, is expected to begin service in October 2019. The project will cost approximately $1.75 billion, Altus reports. If Altus acquired its equity interest based on this cost, it paid about $263 million for the share of Gulf Coast Express.

Kinder Morgan now holds a 35% interest in Gulf Coast Express, while DCP Midstream and Targa Re...


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