Kinetik approves $260 million natural gas processing plant in New Mexico
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Kinetik Reaches Final Investment Decision on the 300 Mmcf/d Kings Landing II Project
May 19, 2026 7:00 AM EDTHOUSTON & MIDLAND, Texas--(BUSINESS WIRE)-- Kinetik Holdings Inc. (NYSE: KNTK) (Kinetik or the Company) today announced it has reached final investment decision on Kings Landing II (KLII), a 300 million cubic feet per day (Mmcf/d) natural gas processing plant at its existing Kings Landing complex in New Mexico. KLII is a 50% increase from the originally contemplated 200 Mmcf/d capacity expansion.
We remain excited by the continued growth and robust development activity in the Northern Delaware Basin, said Jamie Welch, President & CEO of Kinetik. Our decision to proceed with KLII at this... More
