About Kinetik Holdings Inc
Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. The Company has no independent operations or material assets outside its ownership interest in Altus Midstream. The Company Midstream’s assets included approximately 182 miles of in-service natural gas gathering pipelines, approximately 46 miles of residue gas pipelines with four market connections and approximately 38 miles of natural gas liquids (NGL) pipelines. Three cryogenic processing trains, each with nameplate capacity of 200 MMcf/d. Its other assets include an NGL truck loading terminal with six lease automatic custody transfer units and eight NGL bullet tanks with approximately 90,000-gallon capacity per tank. The Company’s existing gathering, processing and transmission infrastructure is expected to provide capacity levels capable of fulfilling its midstream contracts to service Apache’s production from Alpine High and potential third-party customers.