Crestwood to Acquire Antero Gathering Assets in Harrison and Doddridge Counties

"Crestwood is pleased to partner with Antero in the long term development of this exceptional Marcellus Shale acreage," stated Robert G. Phillips, President and Chief Executive Officer of CMLP's general partner. "The transaction is an excellent fit with our strategy and adds to our portfolio another great shale focused producer, a long-term fixed-fee contract and core acreage dedication in the rich gas window of the premier natural gas shale play in the industry.

http://finance.yahoo.com/news/crestwood-midstream-partners-crestwoo...

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Permalink Reply by gasoholic on March 26, 2012 at 1:01pm

Crestwood Midstream Partners and Crestwood Holdings Complete Acquisition of Antero Resources' Marcellus Shale Gathering Assets

The acquired assets include 34 miles of low pressure gathering pipelines located in Harrison and Doddridge Counties, West Virginia, which are currently gathering approximately 230 million cubic feet per day from 63 existing horizontal Marcellus Shale wells, 9 of which have been connected in 2012. Based on current estimates, an additional 51 wells are expected to be drilled and connected during the remainder of 2012.

Antero's wells have been among the most prolific producing wells completed in the Marcellus Shale play to date. The Area of Dedication is largely located in the rich gas window of the southwestern core of the Marcellus Shale play, which provides CMLP with additional exposure in areas where producers' economics are enhanced with the higher content of natural gas liquids contained in the gas stream."

http://www.marketwatch.com/story/crestwood-midstream-partners-and-c...

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