02.07.2024 13:16:59 - dpa-AFX: Pembina Gas To Acquire 50% Working Interest In Kaybob Complex From Whitecap
OTTAWA (dpa-AFX) - Pembina Pipeline Corporation (PPL.TO, PBA) said Pembina
Gas Infrastructure Inc., a gas processing entity in Western Canada jointly owned
by Pembina and KKR, has entered into a purchase and sale agreement with Whitecap
Resources to acquire a 50 percent working interest in Whitecap's 15-07 Kaybob
Complex as well as executed an agreement to support the future infrastructure
development for Whitecap's Lator growth area. Gross proceeds are $420 million.
Whitecap will retain operatorship of the assets.
Whitecap is a Western Canadian Montney and Duvernay producer. The deal will
initially be funded using PGI's existing credit facility.
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