EQT to build gas header pipeline in Pennsylvania for Range Resources
EQT Midstream Partners has entered into a definitive agreement with Range Resources to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development, officials announced on Thursday.
The pipeline will provide greater than half a billion cubic feet/day of firm capacity and is backed by a long-term firm capacity reservation commitment.
EQT Midstream says it will invest approximately $250 million for the construction of 32 miles of pipeline and installation of approximately 32,000 horsepower of compression.
EQT plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016 and phase two by mid-year 2017. The majority of capital investment is expected throughout 2016 and the first half of 2017.
“Our growing pipeline footprint distinctly positions us to provide cost-effective midstream services to Appalachian Basin producers; and with this project in particular, we are pleased to build upon our relationship with Range Resources," said Randy Crawford, EQT's chief operating officer.
"As we continue to expand and extend our pipeline network through organic projects such as the Ohio Valley Connector and the Mountain Valley Pipeline, we are building a premier natural gas hub that offers producers in the Marcellus and Utica access to a variety of demand markets," he added.
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