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$103 Million Loan Guarantee

Location

Wood Buffalo Region

Date Completed

July 2023

Indigenous Partners

Buffalo Lake Métis Settlement

Kikino Métis Settlement

Heart Lake First Nation

Saddle Lake Cree Nation #125

Whitefish Lake First Nation #128

Corporate Partners

Wolf Midstream

In July 2023, Wolf finalized the construction of a proprietary natural gas liquids recovery, transportation, and separation system with an ultimate capacity of approximately 70,000 barrels per day. The NGL Pipeline Assets connect a Wolf-owned and operated NGL recovery facility in the Wood Buffalo region with a Wolf-owned and operated NGL separation facility in Sturgeon County. The underlying business is supported by long-term commercial arrangements with NGL off-takers and a 25-year transportation service agreement (TSA) that ultimately allow for stable and predictable, multi-generational returns for NLIA and their respective Indigenous communities.

Press Release