Gibson Energy Announces Closing Of Acquisition Of South Texas Gateway Terminal And Exchange Of Subscription Receipts Into Common Shares
Gibson Energy Announces Closing Of Acquisition Of South Texas Gateway Terminal And Exchange Of Subscription Receipts Into Common Shares
08/01/23, 2:35 PM
Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI) is pleased to announce the closing of the acquisition of 100% of the membership interests of South Texas Gateway Terminal LLC (the "Transaction"). Through this Transaction, Gibson acquired the South Texas Gateway Terminal, a world class liquids terminal and export facility located in Ingleside, Texas, with very large crude carrier capabilities and direct pipeline connections to the prolific Permian and Eagle Ford basins.