Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns substantially all of the gas gathering, processing and transportation assets servicing production from Apache Corporation (NYSE, Nasdaq: APA) in the Alpine High play in the Delaware Basin, owns equity interests in four Permian-to-Gulf Coast pipelines, and has the option to acquire a 50 percent equity interest in the Salt Creek NGL pipeline.
Altus Midstream LP was formed through the business combination of Kayne Anderson Acquisition Corp. (KAAC), a special purpose acquisition company (SPAC) and Apache. Through this business combination, Apache, either directly or through its subsidiaries, substantially contributed all its gas gathering, processing and transportation assets at Alpine High and options to participate in Permian Basin pipeline projects to Altus Midstream. Our Class A Common Stock and warrants on the NASDAQ trade under the symbols ALTM and ALTMW, respectively.