Dominion, Caiman Energy To Form $1.5B Midstream Service JV

Law360, New York (December 20, 2012, 4:11 PM EST) -- Virginia-based midstream energy company Dominion Resources Inc. and private equity-backed Caiman Energy II LLC have agreed to form a $1.5 billion natural gas services joint venture to work with producers in the Utica Shale in Ohio and Pennsylvania, the companies announced Thursday.

The 50-50 joint venture will be known as Blue Racer Midstream LLC. Dominion will provide midstream assets to the joint venture, while Caiman will provide capital from its private equity backers, the firms said. The venture is expected to close by the end of...
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