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Stonehenge & UGI Acquire Pine Run Midstream Natural Gas Gathering System

[fa icon="calendar'] Feb 16, 2021 2:14:29 PM / by Angela DeLong posted in natural gas, natural gas supply, News, #pinerun, #stonehenge, gathering

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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).

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