Gulfport, Rice Energy form Utica midstream joint venture in Ohio

Gulfport Energy Corp. and Rice Midstream Holdings LLC, a wholly owned subsidiary of Rice Energy Inc., announced plans to form a midstream joint venture to develop natural gas gathering and water services assets to support dry gas development in the Ohio counties of Belmont and Monroe.

Gulfport will own 25% of the joint venture, and Rice Energy will own the rest with Rice Energy being responsible for constructing and operating the assets. Construction was to begin immediately and first deliveries were scheduled for the middle of 2016.

Plans call for a gathering system of 165 miles of high- and low-pressure pipelines with multiple interconnections to interstate pipelines including: Rockies Express, ET Rover, TETCO and Dominion East Ohio.

The water services part of the joint venture will involve a fresh water distribution system to deliver fresh water to pads for well completions.

Gulfport will dedicate 77,000 leasehold acres. Together, Gulfport and Rice Energy plan to invest $520 million to develop gathering and compression assets and $120 million for water assets during 6 years.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...