Pembina to Acquire Storage Capacity in Alberta

September 10, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--For a net purchase price of about US$300 million, midstream company Pembina Pipeline Corporation (NYSE:PBA) (Calgary, Alberta) said it was adding thousands of barrels of oil equivalent to its storage capacity with an acquisition from Veren Incorporated (NYSE:VRN) (Calgary). Pembina Gas Infrastructure, a joint venture between the parent company and investment firm KKR & Company Incorporated (NYSE:KKR) (New York, New York), entered into an agreement to acquire the Gold Creek and Karr storage facilities from Veren.