One-Page Deal Sheet
Tidewater Midstream to Acquire Interest in West Pembina Gas Facility
Tidewater Inc. Not Disclosed
Announced Date
June 02,2015
Close Date
July 21,2015
Transaction Type
Asset
Transaction Details: Subscribe to see
Closing Announcement - July 21, 2015
Tidewater Midstream and Infrastructure Ltd. has announced the closing of its previously announced acquisition of a 63% operated working interest in a gas processing facility and related pipelines located in the West Pembina region in central Alberta for $180 million.
The Assets are located in a low-risk, multi-zone, liquids-rich area in West Pembina which has favorable economics and continues to be one of the most active areas in Western Canada. Production in the area continues to experience growth even in the current lower commodity price…