UGI, Tenaska Announce Joint Marcellus Shale Development Bid

Law360, Philadelphia (January 16, 2013, 4:21 PM EST) -- UGI Corp. and a subsidiary of energy company Tenaska Inc. announced Monday they were launching a venture to jointly develop natural gas resources in the Marcellus Shale of north-central Pennsylvania in a project that could see a total investment of nearly $65 million over 10 years.

Under the terms of the deal, which were announced in a joint statement from the companies, UGI Energy Services Inc. would construct 20 miles of new pipelines and compression equipment for wells that Tenaska Resources LLC plans to drill in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.