DTE Energy closes $1.3-billion purchase of Appalachia midstream gas assets

DTE Energy Co., Detroit, has completed its $1.3-billion acquisition of midstream natural gas assets in Pennsylvania and West Virginia.

The firm purchased 100% of Appalachia Gathering System (AGS) in Pennsylvania and West Virginia, and 40% of Stonewall Gas Gathering (SGG) in West Virginia from M3 Midstream LLC. DTE also bought 15% of SGG from Vega Energy Partners Ltd.

The assets gather gas produced in the Appalachia region and provide access to multiple markets, including the Great Lakes region, through interconnections with Columbia Gas Transmission, Texas Eastern Transmission, and the NEXUS Gas Transmission project currently being developed by DTE and Spectra Energy. 

"The acquired assets are in a productive area of the Southwest Marcellus-Utica region and have expansion potential," commented Gerry Anderson, chief executive officer of DTE Energy.

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

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...