Mountaineer NGL Storage Open Season Successful, Development Begins

Mountaineer NGL StorageIn April MDN brought you the news that Mountaineer NGL Storage launched a non-binding open season for drillers who want to reserve storage capacity in a new underground storage facility to be built in Monroe County, Ohio, near Clarington, along the Ohio River (see New Company Announces Open Season for NGL Storage in Ohio Utica). Good news. The open season was a success–with requests for more than three times what Mountaineer had planned to offer, at least to start. Therefore the project, which is backed by investment bank Goldman Sachs, will begin development this month, although the project won’t go online until 2018…

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