Pembina Gas Infrastructure signs $400-million deal to buy midstream assets from Veren [Globe and Mail, The (Toronto, Canada)]
Veren Inc. Common shares (VRN)
Company Research
Source: Globe and Mail, The
increase has signed a deal to buy a group of midstream assets from Veren Inc. VRN-T increase for $400-million. Under the agreement, PGI will acquire four batteries in the Gold Creek and Karr areas, which include natural gas handling capacity of 320 million cubic feet per day and liquids handling capacity of 53,000 barrels per day. Natural gas from the batteries is processed at PGI's Patterson Creek gas plant and both the batteries and the Patterson Creek gas plant are connected to Pembina's Peace Pipeline system. Veren will retain operatorship of the acquired assets, with operating costs and maintenance capital flowing through to Veren. The company will also assume operatorship of the existing PGI-owned batteries in the area. The deal will also see PGI fund up to $300-million, of which about one-third has already been committed, for Veren's future battery and gathering infrastructure in the area. PGI is owned by Pembina Pipeline Corp. and private equity firm KKR. Sign u
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VRN
News
- Veren Inc. (NYSE: VRN) had its price target lowered by analysts at Royal Bank of Canada from $12.00 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
- Veren stock drops after lowering 2024 production goals [Wealth Professional (Canada)]Wealth Professional
- Veren reports $277.2-million third-quarter profit, trims 2024 production guidance [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Veren Announces Q3 2024 Results & Updated Outlook [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Veren Announces Q3 2024 Results & Updated OutlookPR Newswire
VRN
Earnings
- 10/31/24 - Beat
VRN
Sec Filings
- 11/13/24 - Form SC
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- VRN's page on the SEC website