Edition:
India

Altus Midstream Co (ALTM.OQ)

ALTM.OQ on NASDAQ Stock Exchange Global Market

5.28USD
1:30am IST
Change (% chg)

$-0.07 (-1.31%)
Prev Close
$5.35
Open
$5.40
Day's High
$5.40
Day's Low
$5.22
Volume
70,034
Avg. Vol
100,667
52-wk High
$10.48
52-wk Low
$4.84

Latest Key Developments (Source: Significant Developments)

Altus Midstream & Altus Midstream LP Entered Into A Preferred Unit Purchase Agreement
Monday, 13 May 2019 

May 13 (Reuters) - Altus Midstream Co ::ALTUS MIDSTREAM CO - ON MAY 8, CO, ALTUS MIDSTREAM LP ENTERED INTO A PREFERRED UNIT PURCHASE AGREEMENT.ALTUS MIDSTREAM CO - PARTNERSHIP WILL SELL SERIES A CUMULATIVE REDEEMABLE PREFERRED UNITS FOR AN ISSUE PRICE OF $625 MILLION IN PRIVATE OFFERING.ALTUS MIDSTREAM CO - EFFECTIVE MAY 8 PARTNERSHIP ENTERED INTO A FIRST AMENDMENT TO CREDIT AGREEMENT DATED NOVEMBER 9, 2018 - SEC FILING.ALTUS MIDSTREAM CO - CREDIT AGREEMENT CONTINUES TO PROVIDE FOR AGGREGATE COMMITMENTS FROM A SYNDICATE OF BANKS OF UP TO $800 MILLION.ALTUS MIDSTREAM CO - AFTER INITIAL PERIOD, PARTNERSHIP CONTINUES TO HAVE AN OPTION TO INCREASE COMMITMENTS UP TO AN AGGREGATE $1.5 BILLION.  Full Article

Altus Midstream Exercises Option To Acquire 15 Pct Interest In Epic Crude Oil Pipeline
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Altus Midstream Co ::ALTUS MIDSTREAM EXERCISES OPTION TO ACQUIRE 15 PERCENT EQUITY INTEREST IN EPIC CRUDE OIL PIPELINE.ALTUS MIDSTREAM EXERCISES OPTION TO ACQUIRE 15 PERCENT EQUITY INTEREST IN EPIC CRUDE OIL PIPELINE.ALTUS MIDSTREAM CO - PIPELINE IS EXPECTED TO BE IN SERVICE BY JANUARY 2020..  Full Article

Apache And Altus Midstream Announce New Altus Midstream CEO
Thursday, 17 Jan 2019 

Apache Corp ::APACHE AND ALTUS MIDSTREAM ANNOUNCE NEW ALTUS MIDSTREAM CEO.APACHE CORP - APPOINTMENT OF CLAY BRETCHES AS CEO OF ALTUS MIDSTREAM, EFFECTIVE IMMEDIATELY.APACHE - BRETCHES WILL ALSO SERVE AS A MEMBER OF ALTUS BOARD OF DIRECTORS AND AS APACHE'S SENIOR VICE PRESIDENT, U.S. MIDSTREAM OPERATIONS.APACHE CORP - BRIAN FREED, CEO OF ALTUS SINCE ITS INCEPTION, WILL CONTINUE IN HIS ROLE AS APACHE'S SENIOR VICE PRESIDENT, MIDSTREAM AND MARKETING.  Full Article

Kayne Anderson Acquisition Says On Oct 1, Altus Midstream, Subsidiary Of Co, Entered Into A Commitment Letter
Friday, 5 Oct 2018 

Oct 4 (Reuters) - Kayne Anderson Acquisition Corp ::KAYNE ANDERSON ACQUISITION SAYS ON OCT 1, ALTUS MIDSTREAM, SUBSIDIARY OF CO, ENTERED INTO A COMMITMENT LETTER- SEC FILING.KAYNE ANDERSON ACQUISITION - RECEIVED COMMITMENT OF SENIOR UNSECURED REVOLVING CREDIT FACILITY OF UP TO $800 MILLION.  Full Article

Apache Corp, Kayne Anderson Acquisition Announce Agreement To Create Altus Midstream Company
Thursday, 9 Aug 2018 

Aug 8 (Reuters) - Apache Corp ::APACHE CORPORATION AND KAYNE ANDERSON ACQUISITION CORP. ANNOUNCE AGREEMENT TO CREATE ALTUS MIDSTREAM COMPANY, A $3.5 BILLION PURE-PLAY, PERMIAN BASIN MIDSTREAM C-CORP; COMPANIES TO CO-HOST CONFERENCE CALL TO DISCUSS TRANSACTION AT 4 PM CENTRAL TIME AUG. 8.APACHE CORP - ALTUS MIDSTREAM WILL BE A PUBLICLY TRADED, PURE-PLAY, PERMIAN BASIN MIDSTREAM C-CORP.APACHE CORP - WILL OWN ABOUT 71 PERCENT OF ALTUS MIDSTREAM WITH ABILITY TO INCREASE TO ABOUT 74 PERCENT SUBJECT TO PERFORMANCE EARN OUTS.APACHE CORP - UPON EXPECTED CLOSING OF TRANSACTION KAYNE ANDERSON ACQUISITION WILL CHANGE ITS NAME TO ALTUS MIDSTREAM COMPANY.APACHE CORP - NEW COMPANY WILL HAVE NO DEBT AT CLOSING AND CASH ON-HAND WILL BE USED TO FUND ONGOING MIDSTREAM INVESTMENTS.APACHE CORP - ALTUS MIDSTREAM EXPECTS TO HAVE MORE THAN $900 MILLION OF CASH AND NO DEBT AT CLOSING AND IS PROJECTED TO BE FREE-CASH-FLOW POSITIVE BY 2021.APACHE CORP - APACHE WILL RECEIVE 251.9 MILLION SHARES AND OWN 71.1 PERCENT OF ALTUS MIDSTREAM.APACHE - KAAC ENTERED AGREEMENTS TO SELL ABOUT 57.2 MILLION SHARES OF ITS CLASS A COMMON STOCK AT $10/SHARE IN A PRIVATE PLACEMENT.APACHE CORP - ALTUS MIDSTREAM WILL BE STRUCTURED AS A C-CORP WITH NO INCENTIVE DISTRIBUTION RIGHTS.  Full Article

UPDATE 2-Apache delays production of Permian natural gas after weak prices

April 23 Oil and gas producer Apache Corp said on Tuesday it temporarily halted production at its Alpine High assets in the Permian basin late March, curtailing output of about 250 million cubic feet of natural gas per day because of extremely low prices.