Pembina Gas Infrastructure to acquire key midstream assets from Veren for C$400m

Pembina Gas Infrastructure to acquire key midstream assets from Veren for C$400m

Pembina Pipeline Corporation has announced a landmark deal through its joint venture, Pembina Gas Infrastructure Inc., to acquire key midstream assets from Veren Inc., worth approximately $400 million CAD. This acquisition of four oil batteries located in Alberta’s prolific Gold Creek and Karr areas is expected to significantly expand Pembina’s midstream footprint and strengthen its […]

Pembina Pipeline enhances capacity with C$420m acquisition of Whitecap’s Kaybob Complex

Pembina Pipeline enhances capacity with C$420m acquisition of Whitecap’s Kaybob Complex

Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA), through its affiliate Pembina Gas Infrastructure Inc. (PGI), which it co-owns with KKR, has struck a significant deal with Whitecap Resources Inc. (Whitecap) involving a C$420 million transaction ($252 million net to Pembina). This major deal includes the acquisition of a 50% working interest in Whitecap’s 15-07 Kaybob […]