UGI Buys Stonehenge’s Marcellus Midstream Assets for $190M

Last September UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, completed a deal to buy Mountaineer Gas Company, one of West Virginia’s largest natural gas utility companies, for $540 million (see PA’s UGI Finally Completes Purchase of WV’s Mountaineer Gas Co.). UGI is on the hunt again. This time UGI is buying the Stonehenge Appalachia Midstream natural gas gathering system in Butler County, PA, for $190 million.

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