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Musreau Facility

Musreau Facility — natural gas & condensate project

topazenergy

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Project information

As at 31 December 2025

Type: Processing Facility

Aggregation level: Asset

Status: Operating

Report standard: -

Ownership %: 50

Operator: No

Operator name: Whitecap Resources Inc.

Interest type: -

Interest rate: -

Extraction: Processing Facility

Country: Canada

Region: Alberta

Geological province: Montney

Facility kind: Gas Processing

Licensed capacity: 43

Capacity unit: mmcf

Capacity period: Per Day

Capacity kind: Nameplate

Interest conditions: 50% non-operated working interest acquired June 24, 2024 for total cash consideration of $100.0 million before customary closing adjustments, funded through the Syndicated Credit Facility, under the Musreau Facility Agreements entered into June 1, 2024 with Whitecap; Whitecap has agreed to incur the operating and maintenance capital expenditures during the term of the volume commitment agreement; committed volume and fixed fee not disclosed

Description

As at 31 December 2025

Newly commissioned natural gas and condensate facility in the Musreau area of the Alberta Montney, commissioned by Whitecap in 2024, comprising approximately 43 MMcf/d of natural gas compression capacity and 12,500 Bbl/d of condensate stabilization capacity. The interest was Topaz's largest single infrastructure acquisition to date at $100.0 million and is supported by a long-term fixed fee take-or-pay commitment, with Whitecap carrying operating and maintenance capital during the commitment term. The facility is distinct from the Tourmaline-operated Musreau Gas Plant in the Deep Basin in which Topaz holds a separate 45% interest.

Processing facilities

As at 31 December 2025

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