Investment funds managed by Morgan Stanley Energy Partners have announced the closing of the sale of Durango Permian LLC to a subsidiary of Kinetik Holdings Inc. This transaction marks a significant development in the energy sector, highlighting the strategic moves by both Morgan Stanley’s private equity division and Kinetik Holdings to optimize their portfolios. Durango Permian, known for its operations in the Permian Basin, is now under the umbrella of Kinetik Holdings, a key player listed on the NYSE.

Private Equity, Energy,United States