Pembina Pipeline Corporation (PMBPF)
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- Baystreet
Itafos, Pembina Report News, Hit 52-Week Highs
Itafos Inc. (V.IFOS) hit a new 52-week high of $1.74 Monday. Itafos announced today that it has entered ...
- Reuters
Canada's Pembina Pipeline to buy midstream assets from Veren
Consolidation in the pipeline and storage sector has been on the rise since last year as North American production grows, and as hurdles in getting new energy infrastructure approved and built have made existing operators more valuable. Pembina Gas Infrastructure, which is jointly owned by KKR, will acquire four oil battery sites in the Gold Creek and Karr areas, which have a natural gas handling capacity of 320 million cubic feet per day and liquids handling capacity of 53,000 barrels per day. Veren, formerly known as Crescent Point Energy, would retain operatorship of the Gold Creek and Karr sites and assume operatorship of the existing Pembina-owned batteries in the area.
Business WirePembina Pipeline Corporation Announces Pembina Gas Infrastructure’s Agreement to Acquire Midstream Assets From Veren Inc.
CALGARY, Alberta, September 09, 2024--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that Pembina Gas Infrastructure Inc. ("PGI"), a Western Canadian focused gas processing entity jointly owned by Pembina and KKR, has entered into agreements with Veren Inc. and certain affiliates thereof ("Veren") that include the acquisition of Veren’s Gold Creek and Karr area oil batteries and support for future infrastructure development (the "Transactio
