One-Page Deal Sheet
Blue Ridge Mountain Sells Marcellus/Utica Gathering Pipeline
Not Disclosed Blue Ridge Mountain Resources Inc.
Announced Date
September 27,2017
Transaction Type
Asset
Transaction Details: Subscribe to see
Blue Ridge Mountain has entered a definitive agreement to divest 100% of BRMR’s equity investment in Eureka Midstream Holdings, LLC to an undisclosed buyer.
Eureka Holdings owns 100% of the equity in Eureka Midstream, LLC, which owns and operates approximately 340 miles of high pressure and low pressure gas gathering pipelines located in Ohio and West Virginia.
John Reinhart, President and CEO of BRMR, commented, “We are very pleased with the terms of this transaction. Monetizing this portion of our business accelerates and de-risks the realization of value for the company’s Eureka…