UGI, Tenaska Resources Team Up For Marcellus Gas Development

March 2013, Vol. 240, No. 3

UGI Corp. and Tenaska Resources LLC will jointly develop gas resources in the Marcellus Shale in north-central Pennsylvania.

UGI will build and operate 20 miles of gathering pipelines and related gas processing and compression facilities for wells that Tenaska intends to drill in Potter County with the first phase of construction targeted for late 2013 or early 2014. Initial investment in the gathering system is estimated at $25 million, with total investment in gathering for full development of Tenaska’s Potter County acreage estimated at $65 million over 10 years.

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