Pembina Pipeline to Acquire Veren's Midstream Assets in C$400M Deal

Pembina Pipeline Corporation (PBA) , a Canada-based oil and gas storage and transportation company, has announced a major acquisition through its joint venture Pembina Gas Infrastructure Inc. ("PGI"). This agreement with Veren Inc. (VRN) involves acquiring its Gold Creek and Karr area oil batteries, coupled with a significant investment in future infrastructure development. The strategic acquisition represents a key milestone in Pembina's growth, expanding the company's infrastructure footprint and strength ...