Capital Markets | Capital Expenditure | Capital Expenditure - 2019
Gibson Energy Talks 2019 Spending; Down -14% from 2018
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Gibson Energy has approved a 2019 growth capital expenditure budget in the range of $200 million to $250 million (this is down -14% from 2018's capex at the midpoint).
Additionally, the Board of Directors has approved the allocation of approximately $30 million to $35 million in replacement capital expenditures.
Budget Allocation:
| Growth Capital ($ millions) | |||||
| Hardisty Terminal | $115 | – | $130 | ||
| Edmonton Terminal | $5 | – | $10 | ||
| Total Terminals | $120 | – | $140 | ||
| U.S. Infrastructure(1) | $65 | – | $80 | ||
| Moose Jaw Expansion | $15 | – | $20 | ||
| Canadian Pipelines | $0 | – | $5 | ||
| Other | $0 | – | $5 | ||
| Total | $200 | – | $250 | ||
(1) Inclusive of acquisition costs
| Replacement Capital ($ millions) | |||||
| Terminals | $10 | – | $15 | ||
| Moose Jaw Facility | $5 | – | $10 | ||
| U.S. & Canadian Pipelines | $0 | – | $5 | ||
| Other | $5 | – | $10 | ||
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