Kinetik Holdings Acquires Durango Permian from Morgan Stanley Energy Partners
June 25, 2024
Kinetik Holdings Inc. has completed the acquisition of Durango Permian LLC from investment funds managed by Morgan Stanley Energy Partners. The transaction transfers Durango Permian's Permian Basin gas gathering, processing and CO2 sequestration assets to Kinetik and includes cash and equity consideration with contingent payments tied to commissioning of the Kings Landing processing project.
- Buyers
- Kinetik Holdings Inc.
- Targets
- Durango Permian LLC
- Sellers
- Funds managed by Morgan Stanley Energy Partners, Durango Midstream LLC
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Divestiture
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