Altus Midstream operates primarily in the midstream segment of the natural gas industry, providing critical infrastructure and services for the movement and processing of natural gas. The company, through its consolidated subsidiaries, owns a comprehensive suite of assets designed to gather, process, and transmit natural gas from production sites to market.
Core Business Operations
Altus Midstream's core activities revolve around managing the flow of natural gas after it is extracted from the ground. This involves three key areas:
- Natural Gas Gathering: Collecting raw natural gas from various wellheads through a network of gathering pipelines. This initial step is crucial for bringing the gas from scattered production points to a central location for further treatment.
- Natural Gas Processing: Transforming raw natural gas into pipeline-quality natural gas and extracting valuable natural gas liquids (NGLs). This process involves removing impurities and separating different hydrocarbon components.
- Natural Gas Transmission: Transporting the processed natural gas and NGLs through transmission pipelines to various market hubs, industrial users, or other processing facilities.
Key Infrastructure and Assets
To facilitate these operations, Altus Midstream maintains a robust portfolio of assets. These specialized facilities and systems are essential for the efficient and safe handling of natural gas:
| Asset Type | Function |
|---|---|
| Transmission Pipelines | Large-diameter pipelines used for long-distance transport of processed natural gas. |
| Gathering Pipelines | Smaller pipelines collecting raw gas from wells to central processing facilities. |
| Compressor Stations | Boost pressure in pipelines to ensure efficient flow and transport over distances. |
| Mechanical Refrigeration Units | Used in the processing phase to cool natural gas and separate components. |
| Cryogenic Units | Advanced processing units that achieve very low temperatures to extract NGLs. |
| Associated Gas Treatment Facilities | Remove impurities like water, sulfur, and carbon dioxide from natural gas. |
These integrated assets enable Altus Midstream to provide comprehensive midstream solutions, ultimately ensuring that natural gas producers have reliable access to processing capabilities and can efficiently move their products to market.
