Pembina Acquires Veren’s Assets, Bolsters Midstream Operations

Pembina Pipeline (TSE:PPL) has released an update.

Pembina Pipeline Corporation has expanded its midstream assets through Pembina Gas Infrastructure’s $400 million acquisition of Veren Inc.’s oil batteries, enhancing their strategic partnership. The deal includes a 15-year take-or-pay agreement and is expected to yield $50 million in annual adjusted EBITDA, with further growth potential from future infrastructure investments.

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