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One-Page Deal Sheet

Tidewater to Acquire 100% WI in Alberta Water Disposal Asset

Tidewater Midstream and Infrastructure Pipestone Energy Corp
AnnouncedJul 24, 2019
TypeAsset
Announced Date
July 24,2019
Transaction Type
Asset




Snapshot
Location
Region
Canada

Country
Canada


Transaction Details:  Subscribe to see

Tidewater Midstream and Infrastructure Ltd. has agreed to acquire a 100% working interest in a strategic 30 MMcf/d raw gas compression, 5,400 bbls/d condensate handling and associated water disposal battery from Pipestone Energy Corp. for total consideration of up to $30 million in cash.

The Pipestone East Battery will be located approximately 24km directly east of Pipestone Plant 1 and will be a physical extension of existing Tidewater infrastructure that services Pipestone Energy.

The total cash consideration consists of approximately $14 million to purchase existing compression, power…

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