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Stonehenge Energy Resources III, LLC

Company Summary

Description

Headquartered in Westminster, CO and backed by Energy Spectrum Capital, Stonehenge Energy Resources is a private energy company focused on building, owning and operating midstream facilities in the Appalachian basin to support its producer-partners in the optimum development of their resources. Formed in 2007, Stonehenge supported the early Appalachian unconventional shale gas development by gathering and processing NGL-rich gas in Butler County, Pennsylvania. Stonehenge currently operates two natural gas gathering systems in Butler, Clarion and Armstrong Counties, Pennsylvania. 

Website

https://stonehengeenergy.com/

Related Entities

Recent news

  • 2/16/2021 - Pine Run Gathering & UGI... (subscriber access)

Company Transactions

Date: 2/16/2021
Type: Acquisition

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