Altus Midstream completed the merger with Blackstone and I Squared Capital-backed EagleClaw Midstream in a $9bn deal.

Altus Midstream, an oil and gas company, completed the merger with Blackstone and I Squared Capital-backed EagleClaw Midstream, an oil and gas company, in a $9bn deal. “This transaction is a transformative event for all parties and their respective stakeholders. The combination creates the largest pure-play midstream company in one of the world’s most prolific hydrocarbon basins, providing the scale, operational capabilities, and fully integrated service offerings necessary for long-term success. The pro forma enterprise is well positioned to capitalize on accelerating activity in the Delaware Basin with expanded processing and transportation capabilities for all three streams from the wellhead to end markets,” Jamie Welch, EagleClaw President and CEO. On February 10, 2022 Altus Midstream shareholders approved the transaction, with 99% of votes in favor of the deal.