TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. HAS ENTERED INTO DEFINITIVE AGREEMENTS WITH PEMBINA PIPELINE CORPORATION AND CERTAIN OF ITS AFFILIATES TO ACQUIRE THE NORTH SEGMENT OF ITS WESTERN PIPELINE SYSTEM

(TSX: TWM)

CALGARY, AB, May 6, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has entered into definitive agreements with Pembina Pipeline Corporation and certain of its affiliates (collectively, "Pembina"), through a wholly owned limited partnership, to acquire the North Segment of Pembina's Western Pipeline System (the "Western Pipeline") for total cash consideration of approximately $1.2 million, as well as the assumption of certain future abandonment and reclamation obligations and liabilities estimated to be approximately $30.0 million (undiscounted value) (the "Transaction").