Eco-Energy Buys 600-Mile Gas Gathering System in KY, TN & VA

Stone Mountain Gathering System (click for larger version)

A company we hadn’t previous heard of (Eco-Energy) has purchased a large natural gas gathering pipeline system and processing plant in southern Appalachia that we also hadn’t heard of (Stone Mountain). What we had heard of is the contracted customer who uses the Stone Mountain Gathering System: Magnum Hunter Production (now part of Montage Resources). At first blush this appears to be a gathering system for conventional wells, but after digging, we’re not so sure.
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Magnum Hunter & MarkWest Do Deal to Process WV Shale Gas

Pipeline company Magnum Hunter Resources has signed a deal with natural gas processor MarkWest Liberty to deliver and process “liquids-rich” Marcellus Shale gas from northwest West Virginia. As part of the deal, a Magnum Hunter subsidiary (Eureka Hunter) is selling an under-construction gas processing plant to MarkWest. What it all means is that Magnum Hunter and MarkWest are joining forces to handle a large capacity of shale gas that needs processing in northwest WV.

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