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flag Pembina Pipeline acquires midstream assets from Veren Inc. for $400M in Alberta's Montney region.

flag Pembina Pipeline Corporation will acquire midstream assets from Veren Inc. for about $400 million, enhancing its operations in Alberta's Montney region. flag The deal includes four oil battery sites with significant gas and liquids handling capacities. flag Veren will maintain operations and enter a 15-year capacity agreement. flag Expected to close in Q4 2024, the acquisition could add $50 million in annual adjusted EBITDA, reducing Veren's debt by $1.3 billion.

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