Kinetik Holdings acquires assets in Texas

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.
Kinetik to acquire gas, crude gathering systems in Texas Delaware basin
The assets include more than 250 million cubic feet per day (mcf/d) of electric compression and a private electric distribution system.
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’
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. The oil and natural gas company said the divested systems located in Reeves County,
Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
Approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for natural gas gathering, compression and processing and crude oil gathering services More than 250 Mmcf/d of primarily owned electric compression with corresponding ownership of a private electric distribution system More than 150 Mmcf/d of gas gathered volumes and 25 Mb/d of crude gathered volumes in 2025 The Transaction is highly competitive with Kinetik’s high-quality,
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