UGI to expand Auburn Gathering System in Marcellus Shale [Seeking Alpha]
Cabot Oil & Gas Corporation (COG)
Last cabot oil & gas corporation earnings: 4/30 04:10 pm
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Source: Seeking Alpha
UGI to expand Auburn Gathering System in Marcellus ShaleUGI Corp. (UGI+0.3%) says it will spend $50M toexpand its Auburn Gathering System in Pennsylvania's Marcellus Shale with the construction of two additional compressor stations.UGI says the expanded system will increase capacity by 150M cf/day to a total system capacity of 620M cf/day, with deliveries beginning this fall with the balance of capacity available in fall 2019.The new development project will transport gas from Cabot Oil & Gas (COG-0.4%) and is supported by a long-term agreement.Click to subscribe to real-time analytics on COGNow read:Cabot Oil: A U.S. Shale Gas Play To Seriously Consider »
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