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Dominion, Caiman Energy II form JV to develop Utica midstream assets.

Dominion and Caiman Energy II LLC are forming a $1.5 billion joint venture to provide midstream services to natural gas producers operating in the Utica Shale in Ohio and portions of Pennsylvania.

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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Title Annotation:Newsreel
Comment:Dominion, Caiman Energy II form JV to develop Utica midstream assets.(Newsreel)
Publication:Pipeline & Gas Journal
Article Type:Brief article
Geographic Code:1USA
Date:Feb 1, 2013
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