Altus Midstream Co: directors' dealings · United States · SEC (Form 4)

About Altus Midstream Co

Altus Midstream Co was a U.S.-listed midstream energy company that traded on NASDAQ before its business was reshaped and folded into the current Kinetik platform. For investors in France, Belgium, and Switzerland, it is important to note that Altus Midstream no longer exists in its original public-market form: it was created in late 2018 through a SPAC-style business combination involving Kayne Anderson Acquisition Corp. and Apache-related midstream assets, with the explicit goal of building a pure-play Permian Basin midstream operator. SEC filings show that Altus Midstream was originally incorporated in Delaware on December 12, 2016, as Kayne Anderson Acquisition Corp., then renamed Altus Midstream Company after the 2018 transaction. The company later became part of Kinetik Holdings Inc. through a separate combination that closed on February 22, 2022. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692787/000169278724000011/apa-20231231.htm?utm_source=openai)) Operationally, Altus Midstream’s core franchise was built around gathering, processing, compression, and transportation infrastructure in the Permian Basin, especially the Delaware Basin. The company’s asset base was designed to move natural gas, natural gas liquids, crude oil, and, in the later Kinetik structure, produced water. In today’s form, that industrial footprint sits inside Kinetik, which describes itself as a fully integrated, pure-play Permian-to-Gulf Coast midstream C-corporation. Its system includes gas gathering lines, cryogenic processing plants, crude gathering and storage, and water handling assets intended to support producer growth and optimize customer netbacks. ([kinetik.com](https://www.kinetik.com/?utm_source=openai)) From a competitive standpoint, Altus benefited from highly strategic geography. Its business was anchored in one of the most productive shale regions in the United States, initially tied to Apache’s Alpine High development and then broadened into a larger Delaware Basin footprint. That location created meaningful barriers to entry because midstream assets are capital-intensive, highly regulated, and dependent on long-term acreage dedications and throughput commitments. At the same time, the model remained exposed to basin-level production volatility and regional gas pricing pressure. The company’s differentiation came from integrated infrastructure, customer intimacy, and access to multiple downstream markets, particularly Gulf Coast outlets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692787/000167337919000018/a1q2019altusmidstream.htm?utm_source=openai)) Geographically, the business was centered in Texas and New Mexico, with corporate and operational presence in Houston and Midland, Texas. The company’s public-market history is now best understood through Kinetik, which currently trades on NYSE: KNTK and continues to emphasize its Delaware Basin positioning. Recent notable developments include the 2022 merger that created the current Kinetik structure and subsequent portfolio optimization actions, including the announced sale of Kinetik’s EPIC interests in late 2025 in SEC filings. For SEO and investor context, Altus Midstream should therefore be viewed as the predecessor platform that helped build one of the more important independent midstream systems in the Permian Basin. ([kinetik.com](https://www.kinetik.com/about-us/?utm_source=openai))