Scandoil  

Pembina Pipeline to acquire Vantage pipeline system and interest in associated assets


Published Sep 4, 2014
Pembina Pipeline Corporation-2

Pembina Pipeline Corporation has entered into agreements to acquire the Vantage pipeline system (Vantage) and Mistral Midstream Inc.'s (Mistral) interest in the Saskatchewan Ethane Extraction Plant (SEEP) for total consideration of US$650 million, subject to traditional closing adjustments, ("the Transaction") from certain entities affiliated with Riverstone Holdings LLC (the "Seller").

Transaction Highlights

Vantage is a recently constructed, approximately 700 kilometre (km), 40,000 barrel per day (bpd), high vapour pressure pipeline that originates in Tioga, North Dakota and terminates near Empress, Alberta. Vantage provides long-term, fee-for-service cash flow and strategic access to the prolific and growing North Dakota Bakken play for future natural gas liquids (NGL) opportunities. Key Transaction highlights include:

Tags: Pembina Pipeline Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml