One-Page Deal Sheet
Enbridge to Acquire Murphy's Montney Midstream Assets
Enbridge Inc. Murphy Oil Corp
Announced Date
January 27,2016
Transaction Type
Asset
Transaction Details: Subscribe to see
Enbridge Inc. announced the $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C., from the Canadian subsidiary of Murphy Oil Corporation.
C. Gregory Harper, President of Gas Pipelines and Processing, said: "This acquisition fits extremely well with Enbridge's low risk value proposition and supports our key priority of extending and diversifying growth. These assets, which are currently in operation, are underpinned by long-term contracts that generate highly predictable cash flows. They also enhance our natural gas footprint within…
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