On March 9, 2023, Joseph Payne notified the Board of Directors (the “ Board”) of Kinetik Holdings Inc. (the “ Company”) that he would be resigning as a member of the Board effective immediately. Mr. Payne expressed no disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Payne served on the Board as a designee of Buzzard Midstream LLC (“ ISQ”) under the terms of the Amended and Restated Stockholders Agreement (the “ Stockholders Agreement”), dated as of October 21, 2021, by and among APA Corporation, a Delaware corporation, Apache Midstream LLC, a Delaware limited liability company, the Company, New BCP Raptor Holdco, LLC, a Delaware limited liability company, BCP Raptor Aggregator, LP, a Delaware limited partnership, BX Permian Pipeline Aggregator LP, a Delaware limited partnership, ISQ, and for the limited purposes set out therein, BCP Raptor Holdco, LP, a Delaware limited partnership.

Pursuant to the terms of the Stockholders Agreement, ISQ has the right to designate a director to fill the vacancy created by Mr. Payne's resignation, and ISQ designated Jesse Krynak to fill such vacancy. On March 9, 2023, the Board appointed Jesse Krynak to serve as a director of the Board, effective immediately. Mr. Krynak will not receive compensation for his service on the Board.

Except for the Stockholders Agreement described above, there are no arrangements or understandings pursuant to which Mr. Krynak was selected as a director.