Kinetik Enters Into Series Of Agreements Under Which It Will Acquire Durango For An Aggregate $765M Of Cash And Equity With Up To $75M Of Contingent Consideration Tied To The Capital Cost For The Kings Landing Complex; Provide Natural Gas Gathering And Processing Services Under A Newly Executed, 15-Year Agreement With Existing Customer In Eddy County, New Mexico, An ~$200M Capital Investment Through 2026; Divest Its 16% Equity Interest In GCX For 100% Cash For A Total Of $540M
Benzinga Newsdesk - May 9, 2024, 5:22PM