Pembina Pipeline (PBA) said Thursday that its Pembina Gas Infrastructure unit had completed the acquisition of a 50% working interest in Whitecap Resources' 15-07 Kaybob Complex.

As part of the agreement, Pembina Gas and Whitecap signed long-term take-or-pay contracts at Pembina Gas' nearby K3 facility to support Whitecap's liquids-rich developments.

Shares of Pembina Pipeline were up 1.3% in recent premarket activity.

Price: 37.43, Change: +0.48, Percent Change: +1.30