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Friday, October 9, 2015

Williams Partners Invests in Hickory Bend Gas Processing Plant

From the Akron Beacon Journal:
Gas-gathering pipelines and a natural gas processing plant in eastern Ohio and western Pennsylvania are getting new financial backing. 
Three Rivers Midstream, an affiliate of Williams Partners LP, has become a new member and investor in Pennant Midstream LLC. 
Pennant owns the Hickory Bend processing plant in New Middletown, Ohio, and related gathering systems in Ohio and Pennsylvania. 
It has invested about $400 million in that plant on the Ohio-Pennsylvania border, 41 miles of pipelines, connections to major natural gas pipelines and a pipeline to the Utica East Ohio’s Kensington gas processing plant in Columbiana County. 
Already involved in Pennant Midstream are affiliates of the Columbia Midstream Group LLC and the Hilcorp Energy Co.'s Harvest Pipeline Co..
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