December 2021, Vol. 248, No. 12

Business

Companies in the News December 2021

Texas Pipeline Operator Altus to Combine with BCP Raptor   Altus Midstream will merge with BCP Raptor, a holding company for  pipeline  assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt.   The transaction allows BCP to go public and gives control of Altus to BCP’s backers, private equity firm Blackstone Inc. and infrastructure-focused investor I Squared Capital, according to Reuters.   Altus will increase scale in the Permian, as the combined entity becomes the biggest integrated midstream operator in the Delaware part of the formation.   As a result of the deal, Blackstone and I Squared will own 75% of the combination. Apache Corporation

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.

 

Related Articles

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}