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Gibson Energy approves 2015 capital expenditure budget of $510 million


Published Dec 11, 2014
Gibson Energy Inc.

Gibson Energy Inc. says that its Board of Directors has approved the Company's 2015 capital expenditure budget of $510 million. Approximately $435 million of the 2015 budget is allocated to growth capital expenditures with $75 million allocated to upgrade and replacement capital to support our growing operations.

"Based on the strength of our balance sheet and the high quality of the largely contracted growth projects in front of us, Gibson's 2015 capital expenditure budget announced today represents the largest, yet most focused, spending plan in the Company's history", said Stewart Hanlon, Gibson's President and Chief Executive Officer. "The budget has a 75% weighting to fee-generating infrastructure which is consistent with our long term goal to provide customer solutions while generating increasingly stable cash flows and an attractive total return for our shareholders."

Tags: Gibson Energy Inc.




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