New company Altus Midstream will provide midstream ops for Apache’s Alpine High
Apache Corp (ticker: APA) and Kayne Anderson Acquisition Corp (ticker: KAAC) announced today they will combine midstream assets, forming a $3.5 billion pure-play Permian midstream player. The combined company, called Altus Midstream, will be publicly traded.

Altus’ primary asset will be Apache’s Alpine High gathering and processing systems, which Apache has already constructed to support its Permian operations. The company has 380 MMcf/d of gas processing curren...

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