The transaction allows Provident to expand its offerings within the Bakken area, to enhance its NGL and diluents logistics services businesses.
In addition, combined with the construction of the recently announced truck terminal at Cromer, Manitoba, Provident will be able to enhance its supply of natural gas liquids into the Sarnia, Ontario area, the company said.
Canada-based Provident Energy owns and manages a NGL infrastructure and logistics business.
Provident’s facilities are located in western Canada and in the premium NGL markets in eastern Canada and the US.
