Pembina Pipeline to Acquire Veren's Midstream Assets in C$400M Deal [Yahoo! Finance]
Veren Inc. Common shares (VRN)
Company Research
Source: Yahoo! Finance
venture Pembina Gas Infrastructure Inc. (“PGI”). This agreement with Veren Inc. VRN involves acquiring its Gold Creek and Karr area oil batteries, coupled with a significant investment in future infrastructure development. The strategic acquisition represents a key milestone in Pembina's growth, expanding the company's infrastructure footprint and strengthening its partnership with VRN, a prominent player in the Montney and Duvernay regions. Details of the Agreement Between PBA & VRN The acquisition involves four batteries in the Gold Creek and Karr areas, contributing significantly to PGI's existing infrastructure. These batteries boast a natural gas handling capacity of 320 million cubic feet per day and liquids handling capacity of 53,000 barrels per day. The natural gas processed from these batteries is directed to PGI's Patterson Creek Gas Plant, with the batteries and the plant integrated into Pembina's Peace Pipeline system. Calgary-based VRN will play a major operation
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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