PBA Completes Kaybob Acquisition, Expands Key Infrastructure

Pembina Pipeline Corporation (PBA) has closed its 50% working interest acquisition in Whitecap Resources Inc.'s (Whitecap) 15-07 Kaybob Complex, effective Dec. 31, 2024. This strategic acquisition is significant in Pembina’s continued efforts to expand its infrastructure capabilities and further set the company’s position in the energy sector. As part of the transaction, PBA’s subsidiary, Pembina Gas Infrastructure Inc. (“PGI”), has entered long-term, take-or-pay agreements with Whitecap for capacity at the ...