CALGARY, Aug. 7, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") had a brief operational upset during maintenance activities on the morning of Wednesday, August 5th, at its Simonette gas plant, located 60 kilometres southwest of Valleyview, Alberta. There was no risk to the public or to the environment as a result of this upset. However, gas which did not meet sales gas specifications entered the Alliance Pipeline system.
We have offered our assistance to Alliance Pipeline and are working with our producer customers to divert gas and find alternative solutions for their production until regular operations resume on Alliance.
For further information, please contact:
Keyera Corp. (TSX:KEY) operates one of the largest natural gas midstream businesses in Canada. Its business consists of natural gas gathering and processing as well as the processing, transportation, storage and marketing of NGLs, the production of iso-octane and crude oil midstream activities.
Keyera's gas processing plants and associated facilities are strategically located in the west central, foothills and deep basin natural gas production areas of the Western Canada Sedimentary Basin. Its NGL and crude oil infrastructure, including pipelines, terminals and processing and storage facilities, as well as its iso-octane facility, are located in Edmonton and Fort Saskatchewan, Alberta, a major North American NGL hub. Keyera markets propane, butane, condensate and iso-octane to customers in Canada and the United States.
This document contains forward-looking statements based on current expectations and assumptions made by the management of Keyera respectively relating to, among other things, each party's business, the environment in which each operates and the future operations and performance of the assets. As these forward-looking statements depend upon future events, actual outcomes may differ materially depending on factors such as: obtaining all necessary governmental and regulatory approvals for South Grand Rapids, the proposed connections and the associated facilities; successful construction of the Pipeline by Grand Rapids and the pump station at KET by Keyera; future operating results of the assets, including anticipated demand for diluent handling services under existing and future contracts; ability to execute strategic initiatives; construction and input costs; weather conditions; construction scheduling variables; commodity supply/demand balances and prices; activities of producers, competitors, customers, business partners and others; overall economic conditions; access to capital and financing alternatives; operational risks; and potential delays or changes in plans with respect to development projects or capital expenditures or the results therefrom; the legislative, regulatory and tax environment; and other known or unknown factors. There can be no assurance that the results or developments anticipated by either Keyera will be realized or that they will have the expected consequences for or effects on Keyera.
For additional information on these and other factors, see Keyera's public filings on www.sedar.com. The information provided in this release is given as of the date hereof. Readers are cautioned that they should not unduly rely on forward-looking information.
SOURCE Keyera Corp.
For further information: about Keyera, please visit our website at www.keyera.com or contact: Keyera Corp., Lavonne Zdunich, Director of Investor Relations, or Nick Kuzyk, Manager of Investor Relations, Email: [email protected]; Telephone: 403.205.7670 / Toll Free: 888.699.4853