TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES AN AGREEMENT TO SELL ITS PIPESTONE AND DIMSDALE ASSETS FOR $650 MILLION ...Middle East

(TSX: TWM) CALGARY, AB, Aug. 31, 2023 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) is pleased to announce it has entered into an agreement with AltaGas Ltd. (“AltaGas”) to sell its Pipestone natural gas plant (“Pipestone Phase I”), Pipestone expansion project (“Pipestone Phase II”, collectively “Pipestone”), Dimsdale natural gas storage facility (“Dimsdale”) and associated gathering and other infrastructure for $650 million (the “Transaction”), subject to customary post-closing adjustments. “We believe the Transaction unlocks significant value for our shareholders while strengthening our balance sheet to better address opportunities acro

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