In Part 2 of a leave-it-to-the-midstream transaction series, Western Canadian operator Wolf Midstream Inc. purchased the 50% of the Access Pipeline that it didn’t own from MEG Energy Corp. for about US$1.3 billion.

A deal with Devon Energy Corp. in July 2016 landed Wolf the other half of the pipeline, which is the first asset of the company founded in 2015 by a group of industry veterans. The recent deal with MEG also garnered the company a 100% ownership in the Stonefell Terminal, a 900,000 barrel storage facility connected to the pipeline.

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