Pembina Pipeline and KKR-backed Pembina Gas Infrastructure to acquire midstream assets from Veren for $400m.

Pembina Pipeline and KKR-backed Pembina Gas Infrastructure, a provider of flexible and innovative natural gas and natural gas liquids processing, transportation and NGL service solutions, agreed to acquire midstream assets from Veren, an oil and gas company based in Calgary, for $400m. "We are thrilled to enhance and further align our strategic partnership with Veren, a top-tier growth focused Montney and Duvernay producer. This transaction demonstrates how our collaborative approach to infrastructure solutions creates a compelling value proposition for our customers," Chris Rousch, PGI President and CEO.