Keyera Acquires Plains Midstream Canada's Natural Gas Liquids Business

Keyera Acquires Stonepeak’s Remaining 50% Interest in KAPS Pipeline for C$1.215 Billion

June 19, 2026

Infrastructure

Keyera Corp. acquired the remaining 50% non-operating interest in the KAPS Pipeline from Stonepeak for C$1.215 billion, giving Keyera full ownership and operational control of the system. The transaction closed concurrently with Keyera’s announcement on June 17, 2026.

ArcLight Acquires 25% Interest in Natural Gas Pipeline Company of America (NGPL)

May 13, 2025

Energy

ArcLight Capital Partners’ managed fund acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), resulting in ArcLight holding a 62.5% economic ownership stake while Kinder Morgan retains a 37.5% interest and continues to operate NGPL. NGPL is one of the largest U.S. interstate natural gas pipeline systems (≈9,100 miles, ~1 million horsepower of compression, 288 billion cubic feet of storage); terms were not disclosed. ArcLight cited rising power demand from electrification and AI and the asset’s ability to support utilities, LNG exporters and data centers as the strategic rationale.

Pembina Pipeline Acquires Enbridge's Interests in Alliance, Aux Sable and NRGreen

April 1, 2024

Energy

Pembina Pipeline Corporation completed the previously announced acquisition of Enbridge Inc.'s interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for approximately $3.1 billion. The deal increases Pembina's ownership of those midstream assets, was funded in part by a $1.28 billion subscription receipt offering, and prompted an upward revision to Pembina's 2024 adjusted EBITDA guidance.

ArcLight Acquires Incremental 12.5% Stake in Natural Gas Pipeline Company of America (NGPL)

June 15, 2023

Energy

An affiliate of ArcLight Capital Partners acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC (NGPL) from Brookfield Infrastructure, increasing ArcLight's ownership to 37.5%. Brookfield Infrastructure retains a 25% interest and Kinder Morgan continues to operate NGPL and hold a 37.5% stake. NGPL is a major interstate natural gas pipeline system that transports gas into the Chicago market and to LNG export facilities, supporting energy reliability and export growth.

CSV Midstream Solutions Corp. Acquires KANATA Energy Group

February 14, 2023

Oil & Gas

Calgary-based CSV Midstream Solutions Corp. has completed the acquisition of KANATA Energy Group, adding majority-operated joint-venture interests in natural gas gathering and processing facilities at Valhalla and Simonette near Grande Prairie, Alberta. The assets add over 150 MMcf/d net processing capacity to CSV's forecasted 470 MMcf/d, expanding CSV's midstream processing capabilities and customer base in the Western Canadian Sedimentary Basin.

Kinder Morgan Acquires North American Natural Resources

August 11, 2022

Energy

Kinder Morgan, Inc. has closed the $135 million acquisition of North American Natural Resources, Inc. and its sister companies North American Biofuels, LLC and North American-Central, LLC, acquiring seven landfill gas-to-power facilities in Michigan and Kentucky. Kinder Morgan will evaluate converting up to four sites to renewable natural gas (RNG) with approximately $175 million of capital spend, expanding its RNG generation capacity and diversifying its renewables portfolio.