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UGI Energy Services

Company Summary

Description

UGI Energy Services is a subsidiary of UGI Corporation (NYSE:UGI). UGI Energy Services is a subsidiary of UGI Corporation (NYSE:UGI). UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 19,000 residential, commercial, industrial, institutional and government customers in nine states and Washington, D.C. In addition, it stores and delivers natural gas and generates electricity.

Website

https://penneastpipeline.com/partners/

Related Entities

Firm Transport Commitments

Project: PennEast Pipeline
Firm Commitment: 100,000 Dth/d

Project: Rivervale South to Market Project
Firm Commitment: 2,500 Dth/d

Recent news

  • 4/21/2022 - UGI Energy Gains +33%... (subscriber access)
  • 2/11/2022 - Pennant Energy Signs... (subscriber access)
  • 2/2/2022 - Stonehenge Energy... (subscriber access)
  • 1/4/2022 - UGI Corp. Acquiring... (subscriber access)
  • 2/16/2021 - Pine Run Gathering & UGI... (subscriber access)

Company Transactions

Date: 4/21/2022
Type: Acquisition

BUYERS:
  • UGI Energy Services
    • SELLERS:
  • Ag-Grid Energy LLC
    • DETAILS:
    NOTES:
    UGI Energy Services has signed a deal to acquire a 33% equity interest of Ag-Grid, a company that develops and operates small-scale renewable power projects to support local energy demands using anaerobic digesters.
    REGIONS:
  • Northeast

    • Date: 1/31/2022
    Type: Acquisition

    BUYERS:
  • UGI Energy Services
  • UGI Corporation
    • SELLERS:
  • Stonehenge Appalachia, LLC
  • Stonehenge Energy Resources LP
    • ASSETS:
  • Stonehenge Natural Gas Gathering System
    • DETAILS:

    COST: 190 $MM

    VOLUMES: 130 Mmcf/d

    NOTES:
    UGI Energy Services has reached a deal to acquire Stonehenge Appalachia from Stonehenge Energy Holdings for $190 million. The Stonehenge system is located in Butler County, PA, and includes 47-miles of gas pipeline with a 130 Mmcf/d gathering capacity.
    REGIONS:
  • Appalachia

    • Date: 2/16/2021
    Type: Acquisition

    BUYERS:
  • Pine Run Gathering LLC
  • UGI Corporation
  • UGI Energy Services
  • Stonehenge Energy Resources III, LLC
  • Energy Spectrum Partners VIII
    • SELLERS:
  • Pine Run Midstream, LLC
  • PennEnergy Resources LLC
    • ASSETS:
  • Pine Run Gathering Pipeline
    • DETAILS:

    COST: 205 $MM

    NOTES:
    Pine Run Gathering has closed on a deal to acquire Pine Run Midstream from upstream company PennEnergy Resources and other partners for $205 million. Pine Run Gathering is a joint venture between Stonehedge Energy Resources III (Energy Spectrum Partners) and UGI Energy Services, LLC (UGI Corporation.) They are financing the deal with equity capital, with Stonehenge III contributing 51% and UGI 49%.
    REGIONS:
  • Appalachia

    • Date: 12/1/2018
    Type: Acquisition

    BUYERS:
  • UGI Energy Services
    • SELLERS:
  • South Jersey Energy Company D/b/a Open Flow Energy
    • DETAILS:
    NOTES:
    UGI Energy Services purchased South Jersey Energy Company's retail natural gas business including Open Flow Energy, containing an effective date of December 1, 2018. Included in the purchase are 2,500 commercial and industrial contracts, servicing roughly 6,000 locations.