Eureka

Equitrans Takes More Appalachian Midstream Assets in $1.03B Deal

Equitrans Midstream Corp. said Thursday that it has reached a deal with Morgan Stanley Infrastructure Partners to acquire two midstream systems in the Appalachian Basin for $1.03 billion, marking its first strategic transaction since it separated from EQT Corp. late last year.

March 14, 2019

Brief — Eureka Midstream

Natural gas throughput on Eureka Midstream LLC’s gathering systems in the Marcellus and Utica shales has exceeded 1.5 Bcf/d, up from 870 MMcf/d a year ago, the company said. The more than 200-mile system now has 15 receipt and delivery points after the company recently added two new interconnects with the Rover and Leach XPress pipelines, providing another 700 MMcf/d of additional delivery capacity. The company also placed into service a 1 Bcf/d connection with the Ohio River System, which gathers Utica dry gas. Eureka is now owned by Morgan Stanley Infrastructure Inc. and South Korean conglomerate SK Holdings after Blue Ridge Mountain Resources Inc. sold its stake last year.

October 22, 2018

Brief — Eureka Midstream

Natural gas throughput on Eureka Midstream LLC’s gathering systems in the Marcellus and Utica shales has exceeded 1.5 Bcf/d, up from 870 MMcf/d a year ago, the company said. The more than 200-mile system now has 15 receipt and delivery points after the company recently added two new interconnects with the Rover and Leach XPress pipelines, providing another 700 MMcf/d of additional delivery capacity. The company also placed into service a 1 Bcf/d connection with the Ohio River System, which gathers Utica dry gas. Eureka is now owned by Morgan Stanley Infrastructure Inc. and South Korean conglomerate SK Holdings after Blue Ridge Mountain Resources Inc. sold its stake last year.

October 19, 2018

Blue Ridge Mountain Sells Stake in Eureka Midstream System

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.

September 29, 2017

As Magnum’s Problems Grow, Advisers Brought On To Shop For Options

After months of trying but failing to sell-off a series of assets or execute other meaningful deals to cure its leveraged balance sheet, Magnum Hunter Resources Corp. has hired financial and legal advisers to explore “strategic alternatives,” indicating that it would solicit all possible offers.

October 12, 2015
Magnum Changes Midstream Course, Plans Sale of Entire Eureka Hunter Interest

Magnum Changes Midstream Course, Plans Sale of Entire Eureka Hunter Interest

Magnum Hunter Resources Corp. said Thursday it would sell midstream subsidiary Eureka Hunter Holdings LLC in a move that finds the company shopping one of its paramount assets to address a liquidity crunch.

June 25, 2015
Cash-Strapped Magnum Selling Midstream ‘Crown Jewel’ Eureka Hunter

Cash-Strapped Magnum Selling Midstream ‘Crown Jewel’ Eureka Hunter

Magnum Hunter Resources Corp. said Thursday it would sell midstream subsidiary Eureka Hunter Holdings LLC in a move that finds the company…

June 25, 2015
Magnum Changes Midstream Course, Plans Sale of Entire Eureka Hunter Interest

Magnum Changes Midstream Course, Plans Sale of Entire Eureka Hunter Interest

Magnum Hunter Resources Corp. said Thursday it would sell midstream subsidiary Eureka Hunter Holdings LLC in a move that finds the company shopping one of its paramount assets to address a liquidity crunch.

June 25, 2015
Cash-Strapped Magnum Selling Midstream ‘Crown Jewel’ Eureka Hunter

Cash-Strapped Magnum Selling Midstream ‘Crown Jewel’ Eureka Hunter

Magnum Hunter Resources Corp. said Thursday it would sell midstream subsidiary Eureka Hunter Holdings LLC in a move that finds the company shopping one of its paramount assets to address a liquidity crunch.

June 25, 2015

Magnum Hunter Announces New Partner for Eureka Midstream Subsidiary

Magnum Hunter Resources Corp. picked a new business partner for its midstream subsidiary, Eureka Hunter Holdings LLC, in a move that it said Tuesday will create significant savings and more flexibility for its upstream operations.

September 16, 2014
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