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Tidewater is a Canadian integrated midstream and infrastructure company headquartered in Calgary, Alberta. We are in the business of:
Tidewater is well positioned in some of the most active formations of North America, including the Montney and Duvernay. Our main operations and core processing plants are located in the Deep Basin, Edmonton and Montney regions of Alberta & British Columbia. Tidewater's strategically positioned assets transport and market hydro-carbons to local and global markets.
We’ve acquired our assets and grown rapidly, having first incorporated in 2015. Our breadth of business offerings through our processing plants, transportation and storage, and marketing services, connects us with customers and other stakeholders along the entire energy value chain.
Our strategy has been to grow and acquire along the value chain through natural gas processing, liquids upgrading, transportation and storage. We also market hydrocarbon derivatives which are valuable inputs into the end-products and services used daily by Canadians/North Americans.
While pursuing our vision and values, Tidewater maintains its conservative financial structure as well as a quarterly dividend. When selecting capital projects and acquisition targets, we closely consider the macro trends affecting the business and the needs of existing and new customers. The company trades under the symbol TWM on the TSX.
April 15, 2015
April 20, 2015
June 2, 2015
Sept. 2, 2015
Oct. 15, 2015
Entered an agreement to acquire a variety of processing interests (operated & non-op) in the Northwest Alberta Area
Jan. 4, 2016
Entered an agreement with a Vendor and acquired 100% WI in 3 deep cut gas processing/NGL extraction facilities with total capacity of 142 Mmcf/d of processing/NGL extraction capability, plus a 100% WI in approx. 250 of related pipeline networks and infrastructure including land and rail access at Fort Saskatchewan for cash consideration
Feb. 2, 2016
Entered agreement with AltaGas Ltd. to acquire 100% WI in select deep basin and central Alberta gas processing facilities and related infrastructure. Majority is in TWM’s back yard (west Pembina region) for issuance of 43.7 MM Tidewater common shares and $30 MM cash.
Aug. 15, 2016
Agreement to acquire 100% WI in the Acheson deep cut gas processing plant with capacity of 33 MMcf/d, 250 KM of related pipeline networks and 600 acres of heavy industrial land in Edmonton for total consideration of $11 MM. Land was appraised at $50 MM in 2008, with land adjacent to CN Rail and Trans Mountain Pipeline right of way residing on the land
Nov. 16, 2016
Entered agreement with a Vendor to acquire an approx. 50% WI in 150 KM of gas gathering pipelines which are directly connected to TWMs BRC and 3 proven natural gas storage reservoirs that are also connected to the BRC.
Dec. 19, 2016
Acquired the remaining WI in BRC and the remaining WI in 105 KM of gas gathering pipelines connected to the BRC for $30MM cash.
May 1, 2017
May 15, 2017
Aug. 15, 2017
1. Deep Basin and Montney Acquisition
2. Wapiti Pipeline Acquisition
Sept. 1, 2018
Oct. 18, 2018
Oct. 30, 2018
May 1, 2019
Tidewater is pleased to announce that the Tidewater operated Pioneer Pipeline, connecting Tidewater’s Brazeau River Complex (“BRC”) gas plant to TransAlta’s generating units at Keephills and Sundance, transported first gas in late May 2019, approximately four months ahead of schedule.
Sept. 23, 2019
The Pipestone Gas Plant began processing sour gas on September 15, 2019 and is currently processing approximately 30 MMcf/day of sour gas during this start-up phase. Tidewater expects processing to ramp up to at or near full capacity of 100MMcf/day by the end of the year.
Oct. 4, 2019
The Acquisition is expected to close in the fourth quarter of 2019 and is effective upon closing.
Tidewater was incorporated on February 4, 2015. Since our IPO in April 2015, we have focused on selective acquisitions, organic growth projects and optimizing operations at existing facilities. In this time, we have increased our Credit Facility, and completed three equity offerings and the private placement of senior unsecured debt.