As part of the transaction, Keyera acquired a 62.5% ownership interest in the Simonette gas plant, as well as an additional 66.7% of the North Cabin pipeline and 50% of the Solomon and Cabin Creek pipeline and compressor station.
Keyera now has 100% ownership of the Simonette gas plant, a compression facility, and the North Cabin and Solomon and Cabin Creek gathering pipelines that deliver gas to the plant for processing.
Closing of the acquisition of the 37km Findley pipeline and an average 30.4% interest in the 72km Lynx pipeline is expected to occur in the first quarter of 2011.
The ownership interest in the Lynx pipeline is subject to rights of first refusal.
