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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 ...
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.
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 ...
Crude Oil Prices
5d
Chevron Cuts Permian Capex for 2025
Chevron is reducing spending in the Permian Basin to prioritize cash flow, signaling a shift towards shareholder returns and ...
Business Wire
4d
Energy Transfer Announces Pipeline Project Connecting Permian Basin Production Supplies to Multiple Markets
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it has reached a positive final investment ...
5d
on MSN
Powering the Permian – Growing energy infrastructure while keeping Cybersecurity top priority
As West Texas continues to grow, we’ve highlighted the need for more energy infrastructure in weeks past. However, with more ...
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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