HOUSTON, Feb. 13, 2023 (GLOBE NEWSWIRE) — Plains All American (Nasdaq: PAA & PAGP), through its wholly owned subsidiary Plains Midstream Canada, has closed the previously announced transaction to sell its non-operated ownership interest in the Keyera Fort Saskatchewan facility to Keyera for approximately $367 million CAD ($271 million USD). The transaction was completed at an attractive multiple and on terms that will improve connectivity to the Plains Fort Saskatchewan complex.
About Plains
Plains All American (Nasdaq: PAA) is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). Plains owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation, and other infrastructure assets, serving key producing basins, transportation corridors, and major market hubs and export outlets in the United States and Canada. On average, Plains handles more than seven million barrels per day of crude oil and NGL.
