Morgan Stanley Energy Partners Completes Sale of Durango Permian to Kinetik Holdings [Yahoo! Finance]
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Kinetik Holdings Inc. (KNTK)
Company Research
Source: Yahoo! Finance
Durango Permian LLC ("Durango Permian" or the "Company") to a subsidiary of Kinetik Holdings Inc. ("Kinetik"; NYSE: KNTK). Consideration for the Durango Permian sale includes a combination of cash and equity, including contingent consideration payable upon the successful commissioning of Durango Permian's Kings Landing Gas Gathering and Processing Development ("Kings Landing"). Durango Permian, a subsidiary of Durango Midstream LLC ("Durango"), is a leading gas gathering, processing, and carbon dioxide ("CO2") sequestration business operating in the Permian Basin of southeast New Mexico. Durango is majority-owned by funds managed by Morgan Stanley Energy Partners. Commenting on the transaction, Richard Cargile, President and Chief Executive Officer of Durango, said: "Durango is excited to announce the completion of the sale of its Permian Basin assets to Kinetik. I am very proud of the dedication and tireless efforts of our employees as we have expanded our presence in New Mexico th
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KNTK
News
- Kinetik Holdings acquires Durango Permian [Yahoo! Finance]Yahoo! Finance
- Kinetik wraps up $765m acquisition of Durango Permian [Yahoo! Finance]Yahoo! Finance
- Kinetik Completes Acquisition of Durango Midstream's New Mexico Gathering and Processing System [Yahoo! Finance]Yahoo! Finance
- Kinetik Completes Acquisition of Durango Midstream’s New Mexico Gathering and Processing SystemBusiness Wire
- Kinetik divests stake in Gulf Coast Express pipeline to ArcLight affiliate [Yahoo! Finance]Yahoo! Finance
KNTK
Earnings
- 5/8/24 - Miss
KNTK
Sec Filings
- 6/28/24 - Form 8-K
- 6/27/24 - Form 11-K
- 6/7/24 - Form 8-K
- KNTK's page on the SEC website