Monday, September 15, 2014
Pembina Pipeline Corp. (Calgary) is acquiring the Vantage pipeline system and Mistral Midstream Inc.’s (Calgary) interest in the Saskatchewan Ethane Extraction Plant (SEEP) for a reported $650 million. The Vantage system, a 435-mile, 40,000-bbld, high-vapor-pressure pipeline originating in Tioga, N.D. and terminating near Empress, Alta., Canada, provides access to the Bakken play for future NGL opportunities.