The company also acquired various ownership interests in the Keyera-operated West Pembina, Nordegg River, Gilby and Brazeau River gas plants.
Keyera has also been appointed operator of the Minnehik Buck Lake gas plant. The combined purchase price for these acquisitions was approximately $50m.
Keyera had originally agreed to purchase a 57% interest in the Minnehik Buck Lake gas plant and certain related reserves, along with various interests in associated other assets and reserves.
However, the actual interests that were acquired by Keyera were lower as a result of one of the other plant owners exercising its right of first refusal (ROFR) in connection with the acquisition, the company said.
The two new gas plants, Edson and Minnehik Buck Lake, are located in the heart of Keyera’s operations in west central Alberta and are capable of extracting NGLs and handling sour gas.
