CALGARY, Alberta—Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will go up to 90 trains per month by the end of the summer, CEO Steve Spaulding said on May 24.
Each unit train can carry around 75,000 barrels. The Hardisty terminal is owned by USD Partners LP and used exclusively by Gibson.
Enbridge said the sale of its stake in Noverco represents a valuation of approximately 29x reported 2020 GAAP earnings of $39 million.
Peregrine Petroleum Partners retained Detring Energy Advisors for the sale of oil and gas producing properties, leasehold and related assets located within the Williston Basin.
$1.225 Billion acquisition includes 4 natural gas storage facilities and 3 pipelines serving Northeast market demand and Marcellus supply.