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MSA 7.08 +2.3% AEM 205.43 +1.0% OPW 0.105 +5.0% GRL 0.285 +1.8% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.700 +2.9% GAL 0.395 +1.3% AUMB 0.630 −1.6% UTWO 0.390 +0.0% GSKR 3.28 +0.9% AVX 0.005 −nan% AII 19.16 −3.8% GWM 0.485 +1.0% GEN 0.070 −nan% NIO 0.135 +0.0% MSA 7.08 +2.3% AEM 205.43 +1.0% OPW 0.105 +5.0% GRL 0.285 +1.8% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.700 +2.9% GAL 0.395 +1.3% AUMB 0.630 −1.6% UTWO 0.390 +0.0% GSKR 3.28 +0.9% AVX 0.005 −nan% AII 19.16 −3.8% GWM 0.485 +1.0% GEN 0.070 −nan% NIO 0.135 +0.0%
M&A / Property

Tidewater Midstream closes Sylvan Lake sale for $5.5M

By The Northwire Desk — AI Analysis Oct 21, 2025 · 19:54 TWM · 5.51 Tidewater Midstream and Infrastructure Ltd
TWM · Price

Executive Summary

  • Tidewater Midstream and Infrastructure Ltd. has closed the sale of its Sylvan Lake gas processing facility and associated gas gathering infrastructure to Parallax Energy Operating Inc.
  • The transaction generated total cash proceeds of $5.5 million, subject to customary adjustments.
  • Tidewater intends to use the proceeds to repay amounts outstanding on its senior credit facility.

Key Details

  • Transaction Status: Closed.
  • Seller: Tidewater Midstream and Infrastructure Ltd.
  • Buyer: Parallax Energy Operating Inc.
  • Asset Sold: Sylvan Lake gas processing facility and associated gas gathering infrastructure.
  • Consideration: $5.5 million in cash, subject to customary adjustments.
  • Use of Proceeds: Repayment of amounts outstanding on the corporation's senior credit facility.
  • Strategic Context: The Sylvan Lake facility is described as a non-core asset for Tidewater.
  • Financial Impact: The transaction is expected to have an immaterial impact on Tidewater's 2025 operating results.
Read the original news release →

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