Apache Partners With Kayne Anderson for $3.5B Midstream Firm.
https://finance.yahoo.com/news/apache-partners-kayne-anderson-3-132701263.html
Notice that the new joint venture corporation, Altus, is DEBT FREE with 3.5 billion dollars in its piggy bank. Apache is hedging all their investments in the Delaware on a macro scale just like Clayton Williams did by selling all his holdings for 7.5 billion dollars and positioning himself to buy up new drill leases in Culberson and Hudspeth Counties with cash reserves to buy up everything else for 1 cent on the dollar when/if the oil/gas industry has an economic crash like happened in 1986. Apache plans to survive any such crash. This is a shrewd move on Apache’s part… and you can bet the other majors are taking notice.
Good article… thanks for posting it, Wade!