03:07 PM EDT, 06/25/2024 (MT Newswires) -- Morgan Stanley Energy Partners said Tuesday investment funds managed by the company has closed the sale of Durango Permian to a subsidiary of Kinetik Holdings ( KNTK ) .

Durango Permian, a subsidiary of Durango Midstream, is a gas gathering, processing, and carbon dioxide sequestration business operating in the Permian Basin of southeast New Mexico, the company said.

Durango Midstream is majority-owned by funds managed by Morgan Stanley Energy Partners.

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