UGI, Stonehenge acquire Pine Run Midstream

DJ Slater

February 17, 2021

Purchase gives companies high-producing Appalachian asset

Pine Run Gathering, a joint venture of Stonehenge Energy Resources and UGI Energy Services (UGIES) subsidiaries, has acquired Pine Run Midstream from a PennEnergy Resources affiliate for US$205 million.

PennEnergy, a Pittsburgh, Pennsylvania-based independent oil and gas company, is an Appalachian-based producer and anchor customer on the Pine Run system.…

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