Kingston Midstream Alberta Ltd. has stepped forward to buy the three-year-old Marten Hills Pipeline System in the Clearwater field in Canada, with the takeover of Rangeland Midstream Canada Ltd. from its Texas owners.

The transaction, for an undisclosed amount, is set to be completed by the end of this month.

Marten Hills, which was placed into service in 2020, includes dual crude oil and condensate pipelines, both 51 miles long, which transport 45,000 b/d of oil and natural gas liquids (NGL). The pipes and related assets serve the core of the Marten Hills region of north-central Alberta in the developing Clearwater field.

Kingston CEO Jim Hand described the takeover as “adding critical, high quality long-term crude infrastructure assets in one of the most prolific plays in...