Altus Midstream Company Acquires 15 Percent of Gulf Coast Express Pipeline
“We are excited to participate in the
- Salt Creek NGL Line: Option for 50 percent interest in an NGL header from
Alpine Highto Waha; operated by Salt Creek Midstream, expected in-service date in the first quarter of 2019.
Shin Oak: Option for up to 33 percent interest in a long-haul NGL line to Mont Belvieu; operated by Enterprise Products Partners, expected in-service date in the second quarter of 2019.
- EPIC Crude: Option for up to 15 percent interest in a crude oil pipeline to
Corpus Christi; operated by EPIC Midstream Holdings, expected in-service date in the first quarter of 2020.
Permian Highway: Option for up to 33 percent interest in a proposed natural gas pipeline to Katy/ Agua Dulce; operated by Kinder Morgan, expected in-service date in the fourth quarter of 2020.
This news release includes certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “seeks,” “possible,” “potential,” “predict,” “project,” “guidance,” “outlook,” “should,” “would,” “will,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for Altus Midstream’s and Apache’s operations, including statements about our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, and objectives of management. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in our Definitive Proxy Statement dated October 22, 2018 filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
|Media:||(713) 296-7276 Phil West|
|Investors:||(281) 302-2286 Gary Clark|
Source: Altus Midstream Company