A UGI Corp. subsidiary is expanding its footprint in Appalachia with the $190 million purchase of midstream assets in Butler County, PA, from Stonehenge Energy Holdings LLC.

UGI M&A

The deal announced Tuesday to acquire Stonehenge Appalachia LLC includes more than 47 miles of pipeline and associated compression assets, along with gathering capacity of 130 MMcf/d.

“When we acquired the assets of Columbia Midstream Group in 2019, we committed to additional investments to build or buy quality systems in the region,” said Executive Vice President Robert Beard of Natural Gas, Global Engineering, Construction and Procurement. “The acquisition of Stonehenge, in addition to our recent purchase of an ownership stake in the Pine Run gathering system, demonstrates our commitment to the...