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Pembina Pipeline Corporation completes acquisition of 50% working interest in Whitecap Resources Inc.’s Kaybob Complex from PGI

PRIVATEJan 02, 2025

Acquiring Company

Pembina Gas Infrastructure

Acquired Company

Whitecap Resources

CalgaryCalgaryEnergyOil And GasEnergyOil And GasRenewable Energy

Description

Pembina Pipeline Corporation is pleased to announce the successful completion of Pembina Gas Infrastructure Inc.’s acquisition of a 50 percent working interest in Whitecap Resources Inc.’s 15-07 Kaybob Complex. The acquisition includes long-term take-or-pay agreements and infrastructure development support for the Karr and Gold Creek areas.

Quick answer

Pembina Gas Infrastructure is acquiring Whitecap Resources, announced January 2, 2025. Pembina Gas Infrastructure is based in Calgary, Alberta, Canada.

How much did Pembina Gas Infrastructure pay for Whitecap Resources?
The deal value was not disclosed.
What does Pembina Gas Infrastructure do?
Pembina Gas Infrastructure (PGI) is a premier gas processing entity in Western Canada with a combined capacity of 5 billion cubic feet per day.
Where are Pembina Gas Infrastructure and Whitecap Resources based?
Pembina Gas Infrastructure is based in Calgary, Alberta, Canada. Whitecap Resources is based in Calgary, Alberta, Canada.
Who are the decision-makers at Pembina Gas Infrastructure?
Fundz holds 1 contact at Pembina Gas Infrastructure. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Pembina Gas Infrastructure

Location

Calgary, Alberta, Canada

About

Pembina Gas Infrastructure (PGI) is a premier gas processing entity in Western Canada with a combined capacity of 5 billion cubic feet per day. A partnership between Pembina and KKR, PGI is strategically positioned to serve customers throughout the Montney and Duvernay trends from central Alberta to northeast British Columbia. Pembina owns 60% of PGI and operates and manages PGI facilities while KKR's global infrastructure funds own the remaining 40%.

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Frequently asked

Who acquired Whitecap Resources?

Whitecap Resources was acquired by Pembina Gas Infrastructure, based in Calgary. The deal was reported on January 2, 2025. Pembina Gas Infrastructure (PGI) is a premier gas processing entity in Western Canada with a combined capacity of 5 billion cubic feet per day. Pembina Gas Infrastructure is privately held and operates in Energy.

When did Pembina Gas Infrastructure acquire Whitecap Resources?

Pembina Gas Infrastructure's acquisition of Whitecap Resources was reported on January 2, 2025. Pembina Pipeline Corporation is pleased to announce the successful completion of Pembina Gas Infrastructure Inc.’s acquisition of a 50 percent working interest in Whitecap Resources Inc.’s 15-07 Kaybob Complex. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Whitecap Resources do?

Whitecap Resources Inc. is an existing strategic partner of Topaz and the owner of the newly commissioned natural gas and condensate facility, located in the Musreau area of the Alberta Montney. It is publicly traded (WCPRF), operating in Energy, and is based in Calgary.

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