Kinetik's Investments Bear Fruit in 2024

Kinetik Holdings is a midstream operator providing pipeline and gathering and processing services to E&P companies in the Permian Basin. In 2024, the volumes handled by its pipeline activities will evenly split between gas and natural gas liquids (NGLs) with less than 10% from crude oil. Its gathering and processing services collect and process natural gas and NGLs in order to feed them into its own pipelines for sale at the local Waha hub. Alternatively, the molecules will be transferred to larger transit pipelines to access the larger and more lucrative international export demand for liquefied natural gas (LNG) and from China for natural gas liquids.