Stonehenge Still Active in PA Following Midstream Sale to UGI
A month ago MDN brought you the news that UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, had cut a deal to buy the Stonehenge Appalachia Midstream natural gas gathering system in Butler County, PA, for $190 million (see UGI Buys Stonehenge’s Marcellus Midstream Assets for $190M). The Stonehenge system includes more than 47 miles of pipeline and associated compression assets, and has a gathering capacity of 130 million cubic feet per day (MMcf/d). The Stonehenge-to-UGI transaction closed yesterday. However, there is a "rest of the story"...
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