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

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 ...