One-Page Deal Sheet
EQT Midstream to Acquire Jupiter Gathering System from EQT Corp.
EQM Midstream Partners, LP EQT Corp
Announced Date
April 30,2014
Transaction Type
Asset
Location
Region
Northeast
Country
United States
State
Pennsylvania
County
Greene ,Washington
Play
Transaction Details: Subscribe to see
EQT Corporation has reported that EQT Midstream Partners, LP agreed to acquire EQT’s Jupiter natural gas gathering system (Jupiter) for $1.18 billion.
EQT will receive $1.12 billion of cash and $59 million of common and general partner units. In addition, the Partnership will fund $182 million of expansion projects related to Jupiter.
The Jupiter system gathers EQT’s Marcellus production in portions of Greene and Washington Counties, Pennsylvania, and consists of approximately 35 miles of natural gas gathering pipeline and approximately 21,300 horsepower of compression. Jupiter has a total…