Dominion, Caiman Energy II form JV to develop Utica midstream assets.
Blue Racer Midstream LLC will be an equal partnership between Dominion and Caiman, with Dominion contributing midstream assets and Caiman contributing private equity capital. It will leverage Dominion's presence in the Utica Shale with significant additional new capacity designed to meet producer needs as the acreage is developed. Midstream services offered will include gathering, processing, fractionation, and NGL transportation and marketing.
Dominion facilities to be contributed include gathering and processing assets. Dominion East Ohio's existing rich gas gathering network will be contributed along with other portions of its gathering system as more lines are converted to rich gas gathering operations. With investment, the gathering pipeline system could be expanded to transport at least 2 Bcf/d.
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|Comment:||Dominion, Caiman Energy II form JV to develop Utica midstream assets.(Newsreel)|
|Publication:||Pipeline & Gas Journal|
|Article Type:||Brief article|
|Date:||Feb 1, 2013|
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