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Keyera, Ovintiv Start Up Montney Pipestone Processing Complex

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   |    Tuesday,October 13,2020

Ovintiv Inc. and Keyera Corp. have announced the start-up of the Pipestone Processing Facility, a natural gas processing and liquids stabilization plant supporting the Company's high-return, condensate-rich Montney development.

The gas plant is located west of Grande Prairie and includes a total of 200 million cubic feet per day of gas processing capacity, 24,000 barrels per day of condensate processing capacity and associated water disposal facilities. The Pipestone liquids hub, which began operating in 2018, provides an additional 14,000 barrels per day of condensate processing capacity.

The PPF, which is owned by Keyera Partnership (Keyera), a subsidiary of Keyera Corp., provides Ovintiv with processing under a "fee-for-service" midstream agreement.

Keyera CEO David Smith said: "This project aligns with Keyera's strategy of building a stronger presence in the liquids-rich Montney development, which is one of the most economic developments in the Western Canada Sedimentary Basin. With our Pipestone, Wapiti and Simonette gas plants, Keyera has infrastructure in the area providing 950 million cubic feet per day of gas processing capacity and 90,000 barrels per day of condensate processing capacity. In the future, this capacity will be connected to our KAPS natural gas liquids and condensate pipeline that we expect to have in service in 2023. We look forward to continuing to work with Ovintiv to support their important development in a safe and environmentally responsible manner."

2024 Development Plan

Category	2023	2024 Est. Initial	Updated 2024 Guidance	%Difference (2023 vs 2024)
Total Capital Expenditure($mm)

Production Oil(bbls/d)

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