Midstream - Pipelines
PVR Partners Announces Marcellus Midstream Pipeline Project
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Penn Virginia Resource Partners, L.P. today announced that its midstream subsidiary has entered long-term agreements to extend its natural gas pipeline in Lycoming County, Pennsylvania and provide various gathering, compression and related services to four Marcellus Shale natural gas producers in northeast Pennsylvania.
The agreements with a Royal Dutch Shell (NYSE: RDS.A) subsidiary, SWEPI LP, ("Shell"), affiliates of Southwestern Energy Company ("Southwestern") (NYSE: SWN), Range Resources Corporation ("Range") (NYSE: RRC), and privately-held Inflection Energy LLC ("Inflection"), are all fee-based with no direct commodity price risk.
William H. Shea, Jr., Chief Executive Officer of PVR's general partner, said, "We are extremely pleased to announce these fee-based producer agreements…
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