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

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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Source: Hart Energy