Blue Ridge Mountain Resources Inc. (BRMR), formerly Magnum Hunter Resources, said late Thursday it is selling its ownership stake in Eureka Midstream LLC, which owns and operates a major natural gas gathering system that straddles Ohio and West Virginia.

Magnum emerged from bankruptcy under new management in May 2016 and later rebranded as BRMR. The company said it would divest its equity stake in the holding company that owns the Eureka system. It did not disclose the buyer or the sale price for the transaction, set to close early in October.

Magnum attempted to sell the Eureka system two years ago, valuing it then at more than $1 billion. As recently as December 2015 the system was moving nearly 1 Bcf/d, mostly for third parties. It has since been expanded to 340 miles from nearly 200 miles.

Blue Ridge, traded over the counter, owns 45% of the gathering system, according to its 2Q2017 investor presentation. An affiliate of Morgan Stanley Infrastructure Inc. owns most of the remaining stake. When it emerged from bankruptcy, the company said all controversies had been resolved with the Eureka holding company. The midstream system and the contracts tied to it were a major bone of contention heading into the restructuring.

“Monetizing this portion of our business accelerates and de-risks the realization of value for the company’s Eureka Midstream investment, is expected to substantially improve company cash flows, provides competitive gas gathering terms for future BRMR development and provides cash for debt retirement and development operations,” CEO John Reinhart said of the deal.

He added that the sale would allow the company to exclusively focus on its upstream assets. The company’s production subsidiary, Triad Hunter LLC, now has a modified gas gathering agreement under the terms of the deal.

BRMR has been right-sized since the restructuring. It now has 105,000 net effective acres in the Marcellus and Utica shales, with production of 80 MMcfe/d. Prior to the bankruptcy, Magnum had nearly 200,000 net acres across the country, which have since been sold.