Black Swan Energy completes transaction with AltaGas
10/5/2018
CALGARY, /CNW/ - Black Swan Energy Ltd. announced that it has completed the previously announced joint venture arrangement with AltaGas Ltd. (together with its subsidiaries, "AltaGas") whereby AltaGas has acquired 50% ownership in certain existing and future natural gas processing plants of Black Swan.
In addition, AltaGas and Black Swan have entered into a long term agreement for the use by Black Swan of the AltaGas processing capacity on a cost of service basis at the plants, as well as transportation and marketing agreements. Black Swan will continue to operate the plants.
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