in the table for the Fort Saskatchewan Condensate System include the South The 350 Mb/d Keyera FSCS is a network of condensate pipelines built out in 2010 to supply diluent to Husky and Imperial projects north of Fort McMurray in the oil sands region. We are currently in discussions with oil sands producers with the intention of securing sufficient interest to underpin these projects. Its current dividend is, In December, Keyera announced the acquisition of Alberta EnviroFuels, an iso-octane manufacturing facility located in. 997 0 obj <>/Filter/FlateDecode/ID[<8D7DAD10432A6B448D7B98209EB8AF4D>]/Index[985 25]/Info 984 0 R/Length 69/Prev 255124/Root 986 0 R/Size 1010/Type/XRef/W[1 2 1]>>stream Keyera Pipestone Sour Compressor Station 90 MMscfd. Another producer is currently constructing a 65-kilometre, 12-inch gathering pipeline to our Simonette gas plant from lands east of the plant. The schematic in Figure #2 shows the various inbound and outbound connections that make up the FSCS, which is expanding rapidly to meet the future diluent needs of growing oil sands production. The Key Initiatives” for more information on these new pipelines.


on a number of factors, including operating conditions, operational constraints Its current dividend is, In December, Keyera announced the acquisition of Alberta EnviroFuels, an iso-octane manufacturing facility located in. In January, Keyera completed its acquisition of Alberta EnviroFuels ("AEF"), an iso-octane manufacturing facility located one kilometer south of Keyera's Edmonton Terminal. See also "Non-GAAP Financial Measures" on page 46 of the MD&A. This series details infrastructure delivering increasing quantities of diluent to production locations in Western Canada. In addition, many of the high-value land parcels purchased in 2011 targeting the liquids-rich Duvernay shale are also in this area.
The network connects the Edmonton Sherwood Park complex we just described with Fort Saskatchewan NGL storage and fractionation facilities, Keyera’s Alberta Diluent Terminal (ADT) and the outbound Interpipeline Polaris diluent pipeline. NGL processing and handling capability is located at the gas plant and is included in the Gathering and Processing segment EBITDA is not a standard measure under GAAP. It also allows diluent materials from a number of different sources to be added to the blend stream – including natural gas liquids (NGL’s), condensate and other light hydrocarbons such as synthetic crude oil as well as the condensate imported into Canada on Southern Lights and Cochin. High levels of producer activity around some of Keyera's gas plants, as well as the acquisition of additional gas plants in late 2010, contributed to this increase and offset declines in throughput experienced at other Keyera gas plants where activity levels were lower. 3. Information on Keyera Pipelines and Facilities. Gathering and Processing operating margin in 2011 was $152.7 million, $21.4 million, or 16% higher than last year, a new record for Keyera. Today we look at the Edmonton diluent distribution system. But the FSCS network is not the only source of diluent for regional oil sands producers. Fast forward four years and the FSCS is now at the core of a wider Edmonton region condensate gathering and distribution system. for financial reporting purposes. capacity is an estimated calculation taking into account such factors as the The storage capacities reported for the terminals and AEF reflect the Keyera is currently in discussions with customers interested in securing capacity in the new facility and assuming commercial terms can be reached, construction could begin later in 2012. Download PDF Keyera Corp. tanks may vary from shell capacity. H��U]o�0}���pmD\ۉ?RM�ڴ� Enbridge Hardisty Pump Station 4 - 3,000 HP Pumps.

Keyera Ft. Saskatchewan Tie Ins.

Further, readers are cautioned that the forward looking statements in this document speak only as of the date of this document. He has successfully completed land acquisition programs on several projects, including the Corridor Pipeline Expansion, Access Mainline […] With the anticipated increase in NGL production in western Canada, Keyera is evaluating an expansion of its Keyera Fort Saskatchewan fractionator, which would allow the facility to accept an ethane-rich stream of NGLs for processing. The entire press release can be viewed by visiting Keyera's website at www.keyera.com or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval at www.sedar.com. Net CALGARY, Feb. 16, 2012 /CNW/ - Keyera Corp. (TSX:KEY)(TSX:KEY.DB.A), announced their 2011 year end results today, the highlights of which are included in this press release. capacity reported in the table for the Fort Saskatchewan Facilities include the Keyera Corp. is one of Canada's largest midstream energy companies. This infrastructure is also connected to many of the major NGL and crude oil facilities and pipelines in the Industrial Heartland area of Alberta. E-mail: [email protected], Telephone: (403) 205-7670 / Toll Free: (888) 699-4853, Fax: (403) 205-8425. A number of producers continue to target liquids-rich gas from the Glauconite zone. Refurbishment of the turbo-expander at the Minnehik Buck Lake gas plant is complete and it is currently undergoing commissioning. High levels of producer activity around some of Keyera's gas plants, as well as the acquisition of additional gas plants in late 2010, contributed to this increase and offset declines in throughput experienced at other Keyera gas plants where activity levels were lower. Keyera FSCS Condensate Manifold 600,000 BPD. Payout ratio is defined as dividends declared to shareholders divided by distributable cash flow.

Dividends were $136.2 million ($1.92 per share), resulting in a payout ratio of 67%. In the Edmonton/Fort Saskatchewan area, the first of the two oil sands service agreements with Imperial Oil began in December, with the completion of solvent handling facilities at ADT. Management believes that its assumptions and analysis in this document are reasonable and that the expectations reflected in the forward looking statements contained herein are also reasonable. Engineering and commercial discussions continued in the fourth quarter on a number of previously announced NGL projects.

Enbridge can supply the blending needs of shippers on the Mainline system as well as the Kinder Morgan TransMountain Express that currently ships 300 Mb/d of crude to Vancouver on the West Coast but is planned to expand to 890 Mb/d by 2018 (see West Coast Pipe Dreams). Projects to enhance propane recoveries at the Brazeau River and Nordegg River gas plants were also completed in the fourth quarter and will allow our producer customers to extract significantly more propane from their gas streams. In the Simonette region, a producer-owned 12-inch gathering pipeline began delivering gas to the plant in the fourth quarter. The 350 Mb/d Keyera FSCS is a network of condensate pipelines built out in 2010 to supply diluent to Husky and Imperial projects north of Fort McMurray in the oil sands region. number of railcar spots at each facility, the hours of operation, the frequency of switches provided by Such statements are predictions only and actual events or results may differ materially. Record amounts were paid for lands in the areas where Keyera operates, as producers target a number of liquids-rich gas resource plays. RBN's School of Energy has been reworked, restructured and reorganized to make the conference even better - more content, more models and more labs. The FSCS will also supply the Enlink Midstream Access and TransCanada Grand Rapids diluent pipeline projects that we will describe later in this series. The forward looking statements reflect management's current beliefs and assumptions with respect to such things as the outlook for general economic trends, industry trends, commodity prices, capital markets, and the governmental, regulatory and legal environment. h�bbd``b`� $k@D�`>".�5�l�5Dq�@��x�����9�b``$�����@� �� 985 0 obj <> endobj Keyera delivered strong results in 2011, led by the performance of its Gathering and Processing and NGL Infrastructure businesses. Lafarge Exshaw Mining / Industrial. Work on Keyera's Fort Saskatchewan Condensate System ("FSCS"), including a 21-kilometre, 20-inch condensate pipeline connection to the Polaris pipeline and a new pump station at the Edmonton Terminal, continued during the quarter and should be completed by mid-year 2012. Actual working capacity of the See section titled "EBITDA in Keyera's 2011 year end MD&A for a reconciliation of EBITDA to its most closely related GAAP measure. Keyera FSCS Condensate Manifold 600,000 BPD. Access Pipeline; Alliance Pipeline; Enbridge / Keyera Norlite Pipeline

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