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Pine Run Gathering has acquired Pine Run Midstream from an affiliate of oil and gas company PennEnergy Resources for $205m.

February 16, 2021News Pine Run Gathering LLC announced Feb. 16 that it has completed a transaction to acquire Pine Run Midstream LLC from an affiliate of PennEnergy Resources LLC and minority partners for $205 million. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III LLC, a portfolio company of Energy Spectrum Partners VIII LP, and by a subsidiary of UGI Energy Services LLC (UGIES), which is a subsidiary of UGI Corp. /*** Advertisement ***/ PennEn...