Keyera Maintains Growth Capital Outlook, Pushes Major Pipeline

August 11, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Keyera Corporation (Calgary, Alberta) is trying to keep a steady ship as wildfires and global factors weigh on Canada's Oil & Gas Industry. Despite having to temporarily close a few of its natural gas-production facilities amid Canada's recent wildfires, which caused its throughput volumes to dip when compared with the same period last year, the company is maintaining its capital investment outlook and insists its priorities remain unchanged.

Industrial Info is tracking more than US$2.7 billion worth of active and proposed projects from Keyera, the bulk of which is attributed to natural gas liquid (NGL) pipelines. Its natural gas complex at the Pipestone Field near Grand Prairie, Alberta, which is operated and managed by Pipestone Energy Corporation, is the hub for much of Keyera's heaviest ongoing investments, including the Key Access Pipeline System (KAPS).

Other companies featured: Ovintiv Incorporated (NYSE:OVV), Precision Drilling Corporation (NYSE:PDS), Paramount Resources Limited and Fox Drilling Incorporated.