VALLEY FORGE, Pa., January 4 – UGI Corporation (NYSE:UGI) announced today that its subsidiary, UGI Energy Services, LLC (“UGIES”), has entered into a definitive agreement to acquire Stonehenge Appalachia, LLC (“Stonehenge”) from Stonehenge Energy Holdings, LLC for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.
Author: Ryan McCormick, Regional Energy Manager
Like most companies and organizations, energy costs are a significant portion of your operating budget. If you are not prepared, energy market price fluctuations can quickly become volatile and create avoidable budgetary challenges. Let’s work together to take control of your energy.
UGI Energy Services continues to invest in energy sources that provide customers with energy solutions that are innovative, efficient and beneficial to the environment. Such sources include renewable natural gas (RNG). The UGI Energy Services communications team recently discussed RNG with Director of Business Development Dave Lindenmuth to help customers better understand the fuel, its benefits and its outlook for production and consumption growth.
Q: What is renewable natural gas, and how is it produced, stored and transported?
Dave: Renewable natural gas (RNG) is biogas produced from the breakdown of organic materials including trash, food waste, animal manure, and wastewater sludge.
Most people associate March 17th with Irish heritage and all things green, but here at UGI Energy Services, we have another reason to celebrate. March 17th marks the anniversary of the creation of UGI Energy Services in 1995. If you are counting the years in your head, that totals 26 years in the Energy Marketing & Midstream business!
Stonehenge and UGI Acquire Pine Run Midstream Natural Gas Gathering System
FEBRUARY 16, 2021
WESTMINSTER, Colo.--(BUSINESS WIRE)-- Pine Run Gathering LLC (“Pine Run Gathering”) announced today that it has completed a transaction to acquire Pine Run Midstream, LLC (“Pine Run Midstream”) from an affiliate of PennEnergy Resources, LLC (“PennEnergy”) and minority partners for $205 million. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC (“Stonehenge III”), a portfolio company of Energy Spectrum Partners VIII LP, and by a subsidiary of UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSE: UGI).
Understanding how energy markets work can help your business to make smarter choices when purchasing your energy. UGI Energy Services is dedicated to helping our customers understand your options and make the right decisions for YOUR company or organization.
The phenomenon of a “polar vortex” is something energy professionals continue to investigate. The past few years of mild weather have increased this curiosity as we prepare for the next one. A polar vortex is one of the natural occurrences that can have a direct impact on energy prices. While drastic weather shifts are something we have little control over, we can prepare by learning how they affect natural gas market rates.
What do COVD and a warm winter have in common?
Answer: They both wreak havoc on natural gas prices.
Aaron Lovenworth, Regional Sales Manager at UGI Energy Services put some information together to help you better understand where natural gas prices are headed, and what you can expect in the upcoming winter season.
With the winter season quickly approaching, energy supplier UGI Energy Services is starting to see an influx of questions related to the uncertainty of energy costs during the upcoming winter. While the weather and the energy market can certainly be volatile at times, there are many things that businesses can do to mitigate the risks associated with their natural gas and electricity costs.
We sat down with Mike Trymbiski, UGIES Regional Sales Manager, to ask some of the most frequently asked questions. These answers should help give local businesses a better understanding of how they can keep high energy costs – if not the cold weather – at bay.
We know switching your business’s energy provider isn’t an easy decision. You want to work with a reliable, reputable company that knows the ins and outs of the energy market and will understand your unique needs.