PIPESTONE MONTNEY GAS PLANT
The Pipestone Gas Plant is a 100 MMcf/d sour, deep-cut Montney gas plant with acid gas injection and 20,000 bbls/d of NGL processing capability, as well as an extensive gathering pipeline network, in the Pipestone area near Grande Prairie, Alberta. The facility is fully contracted and Tidewater has plans to connect the Pipestone Gas Plant to Tidewater's Pipestone infrastructure/egress hub. Tidewater is pleased to announce that it has completed commissioning and start-up of the Pipestone Montney, sour deep-cut gas processing complex
- On October 18, 2018, Tidewater received approval from the Alberta Energy Regulator ("AER") to construct and operate the Pipestone Gas Plant. Tidewater has executed take-or-pay contracts with five counterparties resulting in the Pipestone Gas Plant being fully contracted. The Pipestone Gas Plant’s material anchor tenants include Pipestone Energy Corp. and Kelt Exploration Ltd.
- 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.
PIONEER PIPELINE PROJECT
The Pioneer Pipeline is a 120km pipeline used to transport sweet natural gas from the BRC to TransAlta Corporation’s Keephills and Sundance facilities. The Pioneer Pipeline will have initial capacity of 130 MMcf/d, supported by a 15 year take or pay commitment from TransAlta, which may be expanded to approximately 440 MMcf/day. The Pioneer Pipeline will allow TransAlta Corporation to increase the amount of natural gas it co-fires at its Sundance and Keephills coal-fired units, resulting in lower carbon emissions and costs. Tidewater has completed the Pioneer Pipeline.
- On October 30, 2018 Tidewater received approval from the Alberta Energy Regulator (“AER”) to construct and operate a 120 km natural gas pipeline connecting Tidewater's Brazeau River Complex (“BRC”) to TransAlta Corporation's generating units at Sundance and Keephills.
- TransAlta (through its subsidiary, TransAlta Generation Partnership) exercised its option to acquire a 50% ownership interest in the Pioneer Pipeline.
- 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. The Pioneer Pipeline is currently flowing approximately 50 MMcf/day of natural gas during this start-up phase where initial flows may fluctuate depending on market conditions. Throughput of approximately 130 MMcf/day of natural gas will commence flowing through the Pioneer Pipeline November 1, 2019. Tidewater and TransAlta each own a 50% interest in the Pioneer Pipeline which is backstopped by a 15-year take-or-pay agreement from TransAlta at market rate tolls.