Kinetik to acquire Durango Permian for $840m.

Kinetik Holdings, a midstream operator, agreed to acquire Durango Permian, a gas producer, for $840m. “Following on from our tremendous success with our recent Lea County, New Mexico system expansion, we are delighted to now announce this series of strategic transactions that further our expansion into New Mexico and significantly increase our footprint across the Northern Delaware Basin,” Jamie Welch, Kinetik President and CEO.