Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M
- Tidewater Midstream and Infrastructure Ltd. has agreed to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million.
- The facility is characterized as a non-core asset located in central Alberta.
- Tidewater plans to use proceeds from the sale to repay debt, and the sale is not expected to significantly affect its 2025 operating results.
- The transaction is expected to close in the third quarter of 2025, pending regulatory approvals.
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Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources15
Leaning Left9Leaning Right0Center2Last UpdatedBias Distribution82% Left
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- 82% of the sources lean Left
82% Left
L 82%
C 18%
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