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Stock impact report

Pembina Gas Infrastructure to acquire Veren's midstream assets [Yahoo! Finance]

Pembina Pipeline Corp. Ordinary Shares (Canada) (PBA) 
Last pembina pipeline corp. ordinary shares (canada) earnings: 2/27 05:44 pm Check Earnings Report
US:NYSE Investor Relations: pembina.com/investor-centre
Company Research Source: Yahoo! Finance
PGI is a joint venture between Pembina Pipeline Corporation (Pembina) and investment company KKR. The acquisition includes four batteries in the Gold Creek and Karr areas, boasting a natural gas handling capacity of 320 million cubic feet per day and a liquids handling capacity of 53,000 barrels per day. These assets are connected to PGI's Patterson Creek Gas Plant and Pembina's Peace Pipeline system. Veren will maintain operational control of the acquired assets, with operating expenses and maintenance capital directly allocated to Veren. This arrangement also includes Veren assuming operatorship of the existing PGI-owned assets in the region. PGI intends to invest up to C$300 million in Veren's future battery and gathering infrastructure, with one-third of this amount already committed. Veren will be responsible for constructing and operating the batteries, while PGI will handle the construction and operation of high-pressure gathering pipelines. Furthermore, Veren wi Show less Read more
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