Cpgx

Columbia Pipeline Group Inc. (CPGX) has filed its applications with FERC to construct and operate its Mountaineer XPress (MXP) and Gulf XPress (GXP) pipeline projects, which would provide additional takeaway capacity from the Appalachian Basin.

Columbia Pipeline Group Inc. (CPGX) has filed its applications with FERC to construct and operate its Mountaineer XPress (MXP) and Gulf XPress (GXP) pipeline projects, which would provide additional takeaway capacity from the Appalachian Basin.

Columbia Pipeline Group. Inc. (CPGX) said it raised about $1.4 billion from its public offering of 71.5 million shares. Underwriters exercised their option to purchase an additional 10.725 million shares, the company said.

One day after announcing it would offer 51 million shares of common stock, Columbia Pipeline Group. Inc. (CPGX) hit the gas Wednesday and said it was expanding the offering to 71.5 million shares, a move that appears meant to allay financial analysts’ doubts that the company can fund billions of midstream investments in 2016.

With its first quarter as a public company behind it, Columbia Pipeline Group Inc. (CPGX) continued pressing ahead with billions of dollars of midstream investments, but those plans were met with skepticism on Tuesday as financial analysts expressed concerns about how that growth would be funded.

Pennant Midstream LLC, which provides natural gas gathering and processing services in the Utica Shale’s northern tier, said Monday that a Williams Partners LP affiliate has acquired a 5% ownership interest in the facilities it owns.