Gulfport Energy, Rice Energy forming JV in Ohio.
Gulfport Energy Corp. announced an agreement with Rice Midstream Holdings, LLC, a wholly owned subsidiary of Rice Energy Inc., to form a midstream joint venture to develop natural gas gathering and water services assets to support Gulfport's dry gas Utica Shale development in eastern Belmont County and Monroe County, OH. The JV will be supported by long-term, fee-based service agreements with Gulfport.
Gulfport will own 25% of the JV and Rice will own the remaining 75%. Rice will be responsible for constructing and operating the TV's assets:
* A dry gas gathering system with capacity to gather over 1.8 MMdth/d of natural gas consisting of 165 miles of high- and low-pressure, 12- to 30-inch gathering pipelines with multiple interconnections to interstate pipelines, including Rockies Express, ET Rover, TETCO and Dominion East Ohio.
* 50,000 hp of compression for gathering and delivery into downstream interstate pipelines.
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|Title Annotation:||IN THE NEWS|
|Publication:||Pipeline & Gas Journal|
|Article Type:||Brief article|
|Date:||Nov 1, 2015|
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