Morgan Stanley: sells Durango Permian to Kinetik Holdings

(CercleFinance.com) - Morgan Stanley Energy Partners has announced the closing of the sale of Durango Permian to a subsidiary of Kinetik Holdings, with a combination of cash, stock and contingent payments related to a Durango Permian gas gathering and processing project called 'Kings Landing'.


Durango Permian, which specializes in gas gathering, processing and CO2 sequestration in New Mexico's Permian Basin, was previously majority-owned by Morgan Stanley funds.

Durango's CEO hailed the sale as the culmination of five years of successful growth and partnership.


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