PVR Expands Marcellus Footprint – Analyst Blog
Zacks Market Commentaries (March 19th, 2010) Writes:
Under the agreement, PVR Midstream will construct 12-inch gathering pipeline and compression facilities with 25 million cubic feet (MMcf) per day of throughput capacity for the firm's natural gas production in Wyoming County, Pennsylvania.
PVR Midstream's 2010 capital investment in this system is anticipated to range from $6 to $7 million, with potential future system extensions costing up to $10 million. This system is expected to become operational during the second quarter of 2010.
PVR Midstream expects the project to generate fee-based revenue and to be accretive to distributable cash flow by the third quarter of 2010.
Last week, PBR Midstream entered into a similar agreement to construct and operate gas gathering pipelines and compression facilities for
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