Pembina Pipeline Reveals Pembina Gas Infrastructure's Agreement to Acquire Midstream Assets From Veren; Net Purchase Price Related To Acquisition Of Batteries Is C$400M
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Pembina Gas Infrastructure, a joint venture between Pembina Pipeline and KKR, is acquiring midstream assets from Veren Inc. for C$400 million. The acquisition includes oil batteries in the Gold Creek and Karr areas, enhancing PGI's processing capacity.
September 09, 2024 | 11:13 am
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Pembina Pipeline's joint venture, PGI, is acquiring midstream assets from Veren for C$400 million, enhancing its processing capacity in key areas. This strategic acquisition could strengthen Pembina's market position.
The acquisition by PGI, a joint venture involving Pembina, is significant as it enhances processing capacity and integrates with Pembina's existing infrastructure. This could lead to increased revenues and market strength for Pembina.
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