EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction

The combination with Altus Midstream creates the largest pure-play midstream company in the Permian Basin, providing the scale necessary for long-term success, says EagleClaw CEO Jamie Welch.

EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction

In the Oct. 21 release, Apache said it believes that Alpine High offers attractive returns in the current environment and is currently assessing the addition of drilling and completion activity in its 2022 capital budget. (Source: Apache Corp.)

Altus Midstream Co. agreed to an all-stock business combination with Midland, Texas-based EagleClaw Midstream on Oct. 21.

The combination creates the largest pure-play midstream company in the Permian Basin—one of the world’s most prolific hydrocarbon basins, providing the scale, operational capabilities and fully integrated service offerings necessary for long-term success, according to Jamie Welch, president and CEO of EagleClaw.

“This transaction is a transformative event for all parties and their respective stakeholders,” Welch commented in the release.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.