trending Market Intelligence /marketintelligence/en/news-insights/trending/eut_YvNk9vpopy5W8_ocbA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Altus Midstream closes purchase of 15% of $1.75B Gulf Coast Express gas pipeline

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Altus Midstream closes purchase of 15% of $1.75B Gulf Coast Express gas pipeline

Altus Midstream Co. unit Altus Midstream LP closed its acquisition of a 15% stake in the Gulf Coast Express pipeline project in Texas from Kinder Morgan Texas Pipeline LLC for an undisclosed sum.

The Gulf Coast Express pipeline will carry up to 1.98 Bcf/d of natural gas from the Waha Hub and other points in the Permian Basin of West Texas to the Agua Dulce Hub near the Gulf Coast, according to a Dec. 19 release from Altus Midstream. It is estimated to cost $1.75 billion.

Gulf Coast Express is under construction and is scheduled to begin service in October 2019, subject to regulatory approvals.

"With our purchase of a [15%] interest in GCX, we've taken a major step in executing on our vision of being the only publicly traded, pure-play, Permian Basin C-corporation with wellhead-to-water connectivity," said Brian Freed, who is CEO, president and director of Altus Midstream. "The access GCX provides to the natural gas hub at Agua Dulce will allow us to participate in the full Permian-to-Gulf Coast midstream value chain."

Following the transaction, Kinder Morgan Inc., which is building the pipeline and will operate it, holds a 35% stake in the project. Affiliates of DCP Midstream LP and Targa Resources Corp. each own a 25% stake.

Altus Midstream is a Houston-based Permian Basin midstream company that owns natural gas gathering, processing and transportation assets serving Apache Corp.'s production in the Alpine High play of the Delaware Basin. It was formed through a deal between Apache and Kayne Anderson Acquisition Corp.