Marcellus Stagecoach Sees Record Volumes, Con Ed Wants to Sell

In 2016 Crestwood Equity Partners formed a joint venture with New York City’s largest utility company, Consolidated Edison Inc., to operate a critical link of pipelines and storage facilities in the heart of the Utica/Marcellus, called Stagecoach Gas Services (see Con Ed & Crestwood Seal the Deal on Marcellus Pipeline/Storage JV). Crestwood, which owns and operates midstream businesses in multiple shale plays across the United States, released its fourth-quarter and full-year 2020 update yesterday. The big news (for us) is that Crestwood partner Con Ed is looking to sell its 50% share of the Stagecoach jv.

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