Diamondback & Kinetik Secure 30% Interest in EPIC Crude Pipeline
Kinetik (KNTK) ZACKS·2024-09-25 19:30
Diamondback Energy, Inc. (FANG) and Kinetik Holdings Inc. (KNTK) , an oil and gas storage and transportation company, in collaboration with EPIC Midstream Holdings LP have unveiled a series of transactions aimed at fortifying the financial foundation and operational efficiency of EPIC Crude Holdings, LP. These actions not only enhance the growth prospects of EPIC Crude (oil pipeline system) but also improve its long-term strategic alignment with FANG and KNTK. Through these transactions, FANG and KNTK acqui ...