Pembina Gas Infrastructure Inc. acquires 50 percent working interest from Whitecap Resources Inc.
Acquiring Company
Pembina Gas Infrastructure
Acquired Company
Whitecap Resources
CalgaryCalgaryEnergyOil And GasEnergyOil And GasRenewable EnergyDescription
Pembina Pipeline Corporation announces that Pembina Gas Infrastructure Inc. has entered into a purchase and sale agreement with Whitecap Resources Inc. to acquire a 50 percent working interest in Whitecap’s 15-07 Kaybob Complex as well as executed an agreement to support the future infrastructure development for Whitecap’s Lator growth area. The Transaction is valued at $420 million, with gross proceeds of $252 million net to Pembina.
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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 July 2, 2024. 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 July 2, 2024. Pembina Pipeline Corporation announces that Pembina Gas Infrastructure Inc. has entered into a purchase and sale agreement with Whitecap Resources Inc. 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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