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Fifteen-year liquids premium agreement
CALGARY, June 22, 2018 /CNW/ - Tidewater Midstream and
Infrastructure Ltd. (TSX: TWM) ("Tidewater" or the
"Corporation") is pleased to announce that it has entered
into a fifteen-year liquids sale commitment with an investment
grade counterparty, in exchange for an agreed upon liquids pricing
premium.
BRC turnaround
Tidewater announces today that it successfully completed its
planned maintenance and turnaround operations at the Brazeau River
Complex. This maintenance and turnaround occurred over a
16-day period and is scheduled to occur every four years.
"We would like to extend our sincere thanks and congratulations
to our many employees and contractors who completed these major
maintenance and turnaround operations without a lost-time safety
incident," said Jarvis Williams,
Vice President, Logistics and Midstream Operations. "Safely and
successfully completing these operations is a significant
accomplishment for Tidewater."
Second Quarter 2018 dividend
Tidewater is pleased to announce that its Board has declared a
dividend for the second quarter 2018 of $0.01 per common share payable on or about
July 31, 2018 to shareholders of
record on June 29, 2018. The
ex-dividend date is June 28, 2018.
This dividend is an eligible dividend for the purpose of the
Income Tax Act (Canada).
The Corporation's Business
Tidewater is traded on the TSX under the symbol "TWM".
Tidewater's business objective is to build a diversified midstream
and infrastructure company in the North American natural gas and
natural gas liquids ("NGL") space. Its strategy is to profitably
grow and create shareholder value through the acquisition and
development of oil and gas infrastructure. Tidewater plans to
achieve its business objective by providing customers with a full
service, vertically integrated value chain through the acquisition
and development of oil and gas infrastructure including: gas
plants, pipelines, railcars, trucks, export terminals and storage
facilities.
Additional information relating to Tidewater is available on
SEDAR at www.sedar.com and at www.tidewatermidstream.com.
SOURCE Tidewater Midstream and Infrastructure Ltd.