Eureka Midstream Now Flows 1.5+ Bcf/d of Marcellus/Utica Gas

Pipeline company Eureka Midstream was once a subsidiary of Magnum Hunter Resources. Magnum Hunter spun Eureka out into a standalone company prior to Magnum going through bankruptcy. Last October Eureka acknowledged the former Magnum Hunter no longer owned any of it (see Eureka Midstream Confirms MDN Article on New Ownership). Morgan Stanley is now a major shareholder in the company, as is South Korean conglomerate SK Group. Eureka just issued a press release to say, “Hey, we’re still here and we’re bigger than ever.” The company now flows over 1.5 billion cubic feet per day (Bcf/d) of Marcellus/Utica natural gas through its gathering system.

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