Gibson Energy Announces Contract Extension and Sanctions Cactus II Connection at Gateway Terminal

Gibson Energy Announces Contract Extension and Sanctions Cactus II Connection at Gateway Terminal

07/15/24, 12:05 PM

Money

$20 million

Type

contract

Gibson Energy Inc. announced the extension of a long-term contract with an investment grade global E&P company at its Gateway Terminal and the sanction of a connection to the Cactus II Pipeline. The specific terms of the customer contract are confidential. The company also expects to deploy approximately $20 million in growth capital on the Connection, which was included in the 2024 capital budget.

Company Info

Company

Gibson Energy

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