Keyera agreed to a 15-year tolling contract at AltaGas’ Ridley Island Energy Export Facility (REEF) for 12,500 bbl/d of LPG capacity. (Source: Shutterstock)
Canadian companies AltaGas and Keyera have reached long-term agreements to use each other’s facilities, the companies announced Feb. 7.
Keyera agreed to a 15-year tolling contract at AltaGas’ Ridley Island Energy Export Facility (REEF) for 12,500 bbl/d of LPG capacity. The plant is under construction on the Canadian West Coast in central British Columbia.
With the contract, AltaGas has reached its long-term tolling target for the REEF project, which is expected to be online in 2026.
In turn, AltaGas entered into an 18-year agreement for 8,000 bbl/d of fractionation capacity at the Keyera Fort Saskatchewan facility (KFS). The plant will handle gas produced in the Alberta Montney play, including NGLs from AltaGas’ Pipestone II plant, which is under construction.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
2025-01-21 - The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.