Deals - Joint Ventures | Capital Markets | Private Equity Activity
Columbia, Williams Strengthen Midstream JV
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Columbia Pipeline Group, Inc. and Columbia Pipeline Partners LP announced that Three Rivers Midstream LLC, an affiliate of Williams Partners L.P., has become a member of Pennant Midstream, LLC, a joint venture between affiliates of Columbia Midstream Group, LLC (an indirect wholly-owned subsidiary of CPG), and Harvest Pipeline Company.
Columbia Pipeline Group President Glen Kettering said: "We are pleased to add Three Rivers Midstream as a high-quality partner to this joint venture. Pennant leverages our extensive asset base and operating experience in the Utica Shale region to create near-term value, as well as long-term sustainable growth for our customers and shareholders."
The executed agreement nearly triples the acreage dedicated to Pennant to approximately 500,000 acres and results…
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