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Permian Resources to Sell Assets to Kinetik
Kinetik to buy Texas midstream gathering systems from Permian Resources in $180M deal
Kinetik Holdings (NYSE:KNTK) said Tuesday it agreed to acquire natural gas and crude oil gathering systems primarily located in Reeves County in Texas' Delaware Basin from Permian Resources (NYSE:PR) for $180M in cash.
Permian Resources to Sell Assets to Kinetik in $180M Cash Deal
Permian Resources agreed to sell its natural gas and oil gathering systems to Kinetik Holdings in a cash deal valued at $180 million.
Houston midstream company Kinetik Holdings to buy more Permian Basin assets
In September, Kinetik and Midland-based Diamondback Energy Inc. (Nasdaq: FANG) together acquired 30% of equity interest in Epic Crude Holdings LP, an affiliate of Epic Midstream Holdings LP. Kinetik and Diamondback now both hold 27.5% of Epic Crude, which operates a 700-mile crude pipeline from the Permian Basin to Corpus Christi.
Kinetik Holdings acquires assets in Texas from Permian Resources for $180M
Kinetik Holdings (KNTK) has entered into a definitive agreement with Permian Resources (PR) whereby Kinetik will acquire Permian Resources’
18h
on MSN
ProPetro surges after launching Permian Basin-focused power generation venture
ProPetro (NYSE:PUMP) +17.5% to a four-month high in Tuesday's trading after it announced a new venture into mobile natural ...
22h
Permian To Sell Its Natural Gas And Oil Gathering Systems In Reeves County To Kinetik For $180 Mln
Permian Resources Corp. (PR) announced Tuesday it has entered into a definitive agreement to sell its natural gas and oil gathering ...
7h
More than 3,000 gifts distributed to over 380 foster children, families in the Permian Basin
This Christmas, community members in the Permian Basin came together to bring the gift of hope, joy, and actual presents to ...
Midland Reporter-Telegram
3d
Permian Basin faces potential spending cuts as oil prices soften
Enverus report suggests Permian Basin operators might cut 2025 spending to maintain oil production as prices approach $60 per ...
22h
Permian Resources (PR) Receives a Rating Update from a Top Analyst
In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Permian Resources (PR – Research Report), with a price target ...
1d
Energy Transfer unveils $2.7bn pipeline linking Permian Basin to key markets
The first phase will connect the Energy Transfer pipeline and storage network, linking to the Dallas/Ft. Worth Metroplex.
Odessa American
20h
Famous voice actor to be featured at Permian Basin Comic Con X: Holiday Edition
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Midland Reporter-Telegram on MSN
4d
Energy Transfer plans $2.7 billion pipeline to supply DFW with Permian gas
Energy Transfer is proceeding with a $2.7 billion project that will carry natural gas from Waha to near the Dallas-Fort Worth ...
6d
Powering the Permian - Growing energy infrastructure while keeping Cybersecurity top priority
Sydney Thomas is turning her sudden fame into some big-time Hollywood capital. Thomas, 21, who went viral as a ring girl ...
21h
Chevron Upgrades Pasadena Refinery to Increase Capacity, Feedstock and Product Flexibility
Chevron U.S.A., Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), has completed a retrofit of its ...
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