Tidewater Midstream and Infrastructure Ltd
Company Summary
Description
Tidewater was incorporated on February 4, 2015, to pursue the purchase, sale and transportation of NGLs throughout North America and export to overseas markets.We continue to investigate numerous opportunities with North American producers and mid-streamers for the acquisition and operation of such infrastructure projects.Website
http://www.tidewatermidstream.com/Financial Data:
Tickers:
-
TWM - Toronto Stock Exchange
Related Entities
Recent news
- 12/27/2023 - Tidewater Midstream... (subscriber access)
- 8/31/2023 - AltaGas Acquiring... (subscriber access)
- 6/5/2023 - Tidewater Midstream... (subscriber access)
- 6/24/2022 - Tidewater Midstream... (subscriber access)
- 5/12/2022 - Tidewater Midstream... (subscriber access)
Investor Presentations
Company Transactions
Date: 7/30/2020
Type: Acquisition
NOTES:
TransAlta Corp. and its partner Tidewater Midstream & Infrastructure have agreed to a joint deal to sell the Pioneer Pipelne to ATCO Gas and Pipelines Ltd. for C$255 million. The new deal replaces a prior plan to sell the asset to NOVA Gas Transmission, as ATCO acquired the right to purchase the assets via an option agreement with NGTL.
TransAlta Corp. and its partner Tidewater Midstream & Infrastructure have agreed to a joint deal to sell the Pioneer Pipelne to ATCO Gas and Pipelines Ltd. for C$255 million. The new deal replaces a prior plan to sell the asset to NOVA Gas Transmission, as ATCO acquired the right to purchase the assets via an option agreement with NGTL.
REGIONS:
Western Canadian Sedimentary Basin
Date: 11/1/2019
Type: Acquisition
REGIONS:
Canada
Date: 8/16/2019
Type: Acquisition
NOTES:
Tidewater entered into an agreement with Pipestone Energy to acquire a 100% working interest in the Pipestone East Battery which will be located 15 miles east of the Pipestone Gas Plant.
Tidewater entered into an agreement with Pipestone Energy to acquire a 100% working interest in the Pipestone East Battery which will be located 15 miles east of the Pipestone Gas Plant.
REGIONS:
Western Canadian Sedimentary Basin
Date: 3/25/2019
Type: Acquisition
NOTES:
Tidewater Midstream entered into an asset purchase and sale agreement in which the Company divested its Pipestone Gas Plant's 32 cogeneration units to Kineticor Resource Corporation. Tidewater received $85 million and Kineticor received ownership of the cogeneration units currently on site.
Tidewater Midstream entered into an asset purchase and sale agreement in which the Company divested its Pipestone Gas Plant's 32 cogeneration units to Kineticor Resource Corporation. Tidewater received $85 million and Kineticor received ownership of the cogeneration units currently on site.
REGIONS:
Montney Formation
Date: 12/18/2018
Type: Acquisition
BUYERS:
TransAlta Corp
DETAILS:
NOTES:
TransAlta has exercised its option to acquire 50 percent ownership in the Tidewater gas pipeline
TransAlta has exercised its option to acquire 50 percent ownership in the Tidewater gas pipeline
REGIONS:
Western Canadian Sedimentary Basin
Date: 12/22/2017
Type: Acquisition
ASSETS:
Brazeau Dehydration & Compression Facility
Stolberg Dehydration & Compression Facility
Deep Basin Gas Plant
DETAILS:
COST: 34 $MM
NOTES:
The two acquisitions include an 85% stake in a 600 Mmcf/d natural gas plant, a 25% stake in 400 Mmcf/d and 200 Mmcf/d dehydration and compression facilities at Stolberg & Brazeau. Additionally, it includes a working interest in more than 600-km of pipeline.
The two acquisitions include an 85% stake in a 600 Mmcf/d natural gas plant, a 25% stake in 400 Mmcf/d and 200 Mmcf/d dehydration and compression facilities at Stolberg & Brazeau. Additionally, it includes a working interest in more than 600-km of pipeline.
REGIONS:
West Central Alberta Deep Basin
Montney Formation
Date: 5/11/2017
Type: Acquisition
DETAILS:
NOTES:
On May 11th, 2017, Tidewater closed an acquisition with an arms-length party and acquired a 100% working interest in a shut-in 70 MMcf/d deep cut extraction facility, 90% operated working interest in 250 km of gas gathering pipelines and 70% operated working interest in 300 km of NGL pipelines.
On May 11th, 2017, Tidewater closed an acquisition with an arms-length party and acquired a 100% working interest in a shut-in 70 MMcf/d deep cut extraction facility, 90% operated working interest in 250 km of gas gathering pipelines and 70% operated working interest in 300 km of NGL pipelines.
REGIONS:
Western Canadian Sedimentary Basin
Date: 3/29/2017
Type: Acquisition
SELLERS:
Predator Oil BC Ltd.
DETAILS:
COST: 10 $MM
ACRES: 1000 Acres
NOTES:
Tidewater Midstream entered an agreement to acquire 40% non-operated working interest in the 30 MMcf/d shallow-cut Parkland Gas plant and 49.7 mile cross border gas pipeline from Predator Oil BC Ltd. for cash consideration of $10 million.
Tidewater Midstream entered an agreement to acquire 40% non-operated working interest in the 30 MMcf/d shallow-cut Parkland Gas plant and 49.7 mile cross border gas pipeline from Predator Oil BC Ltd. for cash consideration of $10 million.
REGIONS:
Western Canadian Sedimentary Basin
Date: 12/31/2016
Type: Acquisition
DETAILS:
COST: 30 $MM
NOTES:
The following assets are included in the deal: - 37% Working Interest in BRC Gas Plant - 60% Working Interest in 105-km of BRC Gathering Lines - Natural Gas Storage Reservoirs in BRC Region
The following assets are included in the deal: - 37% Working Interest in BRC Gas Plant - 60% Working Interest in 105-km of BRC Gathering Lines - Natural Gas Storage Reservoirs in BRC Region
REGIONS:
West Central Alberta Deep Basin
Date: 11/16/2016
Type: Acquisition
DETAILS:
COST: 15 $MM
NOTES:
50% stake in 150-km of gas gathering lines in the Brazeau River Complex for $15 million.
50% stake in 150-km of gas gathering lines in the Brazeau River Complex for $15 million.
REGIONS:
Western Canadian Sedimentary Basin
Date: 8/15/2016
Type: Acquisition
NOTES:
Tidewater Midstream & Infrastructure reported the acquisition of a 33 MMcf/d sour, deep-cut gas processing facility, 250-km of related pipelines and 600 acres of land for $11 million.
Tidewater Midstream & Infrastructure reported the acquisition of a 33 MMcf/d sour, deep-cut gas processing facility, 250-km of related pipelines and 600 acres of land for $11 million.
REGIONS:
Canada
News & Press Releases
Criterion News
- 12/27/2023 - Tidewater Midstream... (subscriber access)
- 8/31/2023 - AltaGas Acquiring... (subscriber access)
- 6/5/2023 - Tidewater Midstream... (subscriber access)
- 6/24/2022 - Tidewater Midstream... (subscriber access)
- 5/12/2022 - Tidewater Midstream... (subscriber access)
- 5/12/2022 - Tidewater Midstream... (subscriber access)
- 5/12/2022 - Tidewater Midstream... (subscriber access)
- 8/19/2021 - Tidewater Completes IPO... (subscriber access)
- 8/13/2021 - Tidewater Renewables... (subscriber access)
- 7/22/2021 - Tidewater Midstream... (subscriber access)
- 7/1/2021 - TransAlta & Tidewater... (subscriber access)
- 3/22/2021 - Tidewater 1Q21 Dividend (subscriber access)
- 10/1/2020 - TransAlta & Tidewater... (subscriber access)
- 6/19/2020 - Tidewater Enters Into... (subscriber access)
- 4/17/2020 - Husky Issues Force... (subscriber access)
- 4/17/2020 - Tidewater's Pipestone... (subscriber access)
- 3/12/2020 - TC Energy Acquiring... (subscriber access)
- 11/1/2019 - Husky Closes on Sale of... (subscriber access)
- 10/4/2019 - Husky Energy to Sell... (subscriber access)
- 9/23/2019 - Tidewater Completes... (subscriber access)
- 8/16/2019 - Pipestone Energy Closes... (subscriber access)
- 8/14/2019 - Tidewater Completes 15... (subscriber access)
- 8/14/2019 - Tidewater Reports... (subscriber access)
- 8/14/2019 - Tidewater Anticipates... (subscriber access)
- 8/14/2019 - Tidewater Acquires 100%... (subscriber access)
- 8/14/2019 - Tidewater Closes $75... (subscriber access)
- 8/13/2019 - Tidewater Completes... (subscriber access)
- 8/13/2019 - Tidewater Intends to... (subscriber access)
- 8/13/2019 - Tidewater Currently... (subscriber access)
- 7/24/2019 - Pipestone Energy to... (subscriber access)
Press Releases
TransAlta and Tidewater Midstream announce today a Letter of Intent to construct a Natural Gas Pipeline to TransAlta's Facilities
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
CALGARY, Dec. 6, 2017 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA; NYSE: TAC) and Tidewater Midstream and Infrastructure Ltd. ("Tidewater") (TSX: TWM) announced today that the two companies have entered into a Letter of Intent ("LOI") for Tidewater to construct a 120 Kilometre natural gas pipeline from its Brazeau River Complex to TransAlta's generating units at Sundance and Keephills.
The Tidewater Pipeline will facilitate TransAlta's strategy to convert its coal units at Sundance and Keephills to natural gas. Converting the coal units extends the operating life of the assets and significantly reduces operating costs and emissions.
The pipeline will provide initial capacity of 130 MMcf/d by 2020, and have expansion capability to 340 MMcf/d, which represents approximately 50% of TransAlta's gas requirements at full capacity. Under the LOI, TransAlta has the option to invest up to 50% in the pipeline.
"Construction of the natural gas pipeline supports our strategy of being a low-cost provider of firm, clean and reliable energy," said Dawn Farrell, President and Chief Executive Officer of TransAlta. "In addition, having greater access to natural gas allows TransAlta to blend natural gas with the coal, prior to fully converting the units, allowing us to take advantage of low natural gas prices and reduce our carbon costs."
"Tidewater is excited to enter into a long-term arrangement with TransAlta which is supported by a 15-year take or pay agreement that provides oil and gas producers throughout Western Canada with direct connectivity to a new, large demand source," said Joel MacLeod, President and Chief Executive Officer of Tidewater. "This agreement with TransAlta enables Tidewater to transport production direct from the wellhead, through Tidewater's extensive natural gas processing and storage infrastructure network, direct to an end market."
About TransAlta Corporation:
TransAlta develops new, and owns and operates a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. We provide municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, we are Canada's largest producer of wind power and Alberta's largest producer of hydro-electric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.
For more information about TransAlta, visit our web site at transalta.com.
About Tidewater Midstream and Infrastructure Ltd.
Tidewater is traded on the TSX under the symbol "TWM". Tidewater's business objective is to build a diversified midstream and infrastructure company in the North American natural gas and natural gas liquids ("NGL") space. Its strategy is to profitably grow and create shareholder value through the acquisition and development of oil and gas infrastructure. Tidewater plans to achieve its business objective by providing customers with a full service, vertically integrated value chain through the acquisition and development of oil and gas infrastructure including: gas plants, pipelines, railcars, trucks, export terminals and storage facilities.
Forward-Looking Statements
This news release contains forward looking statements within the meaning of applicable securities laws, including statements regarding: the construction of a 120 kilometre natural gas pipeline from Tidewater's Brazeau River Complex to TransAlta's generating units at Sundance and Keephills; TransAlta's strategy of converting certain of its coal units to natural gas; and the terms of any definitive agreement with Tidewater, including that the pipeline will provide initial capacity of 130 MMcf/d by 2020, have expansion capability to 340 MMcf/d, and provide TransAlta with an option to invest up to 50% in the pipeline. These statements are based on TransAlta's belief and assumptions based on information available at the time the assumptions were made. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include: legislative or regulatory developments, including as it pertains to the emission standards; the Federal and/or Provincial legislation impacting the conversion from coal generation to gas generation; changes in economic and competitive conditions; ability to secure natural gas supply; any inability to reach a definitive agreement with Tidewater regarding the construction of a natural gas pipeline on terms satisfactory to the Company; changes in the price for natural gas; decreased demand for energy or capacity; higher costs, expenses and interest rates; strikes or other labour disruptions; and other risk factors contained in the Company's annual information form and management's discussion and analysis. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect TransAlta's expectations only as of the date of this news release. TransAlta disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Note: All financial figures are in Canadian dollars unless otherwise indicated.
SOURCE TransAlta Corporation
Article Date
12/6/2017Projects & Assets
Direct Assets
Related Assets
Tidewater Midstream and Infrastructure Ltd
Brazaeu River Complex Gathering System (subscriber access)
Brazaeu River Complex Gathering System (subscriber access)
Tidewater Midstream and Infrastructure Ltd
Brazeau Dehydration & Compression Facility (subscriber access)
Brazeau Dehydration & Compression Facility (subscriber access)
Tidewater Midstream and Infrastructure Ltd
Brazeau Natural Gas Storage Reservoir (subscriber access)
Brazeau Natural Gas Storage Reservoir (subscriber access)
Tidewater Midstream and Infrastructure Ltd
Stolberg Dehydration & Compression Facility (subscriber access)
Stolberg Dehydration & Compression Facility (subscriber access)
Tidewater Midstream and Infrastructure Ltd
Tidewater Paddle River Extraction Plant (subscriber access)
Tidewater Paddle River Extraction Plant (subscriber access)
Direct Projects
Brazaeu River Complex Fractionator (subscriber access)Status: (subscriber access)
Acheson Rail Facility (subscriber access)
Status: (subscriber access)
Pipestone Gas Plant (subscriber access)
Status: (subscriber access)
Brazeau River Deep Cut Gas Processing Expansion (subscriber access)
Status: (subscriber access)
Brazeau River Complex Natural Gas Processing Expansion (Dec-17) (subscriber access)
Status: (subscriber access)
Tidewater Montney Deep-Cut Gas Plant - Phase 1 (subscriber access)
Status: (subscriber access)
Tidewater Grand Prairie Gathering Network (subscriber access)
Status: (subscriber access)
Tidewater Inter-Alberta Natural Gas Pipeline (subscriber access)
Status: (subscriber access)
Pipestone Gas Storage Expansion (subscriber access)
Pipestone Gas Plant 2 (subscriber access)
Related Projects
Acheson Rail Facility (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Brazaeu River Complex Fractionator (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Brazeau River Complex Natural Gas Processing Expansion (Dec-17) (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Brazeau River Deep Cut Gas Processing Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Pipestone Gas Plant (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Pipestone Gas Plant 2 (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Pipestone Gas Storage Expansion (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Renewable Diesel and Renewable Hydrogen Complex (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Renewables Ltd.
Tidewater Grand Prairie Gathering Network (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
Tidewater Montney Deep-Cut Gas Plant - Phase 1 (subscriber access)
Status: (subscriber access)
Parent Entities:
Tidewater Midstream and Infrastructure Ltd
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