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

06.05.2021 - UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2021. HEADLINES Q2 GAAP diluted earnings per share ('EPS') of $2.33 and adjusted diluted EPS of $1.99 compared to GAAP diluted EPS of $1.07 and ...

Operator Ladies and gentlemen, thank you for standing by, and welcome to the UGI Corporation's Second Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to your speaker today, Tameka Morris. Please go ahead. Tameka Morris -- Director of Investor Relations Thank you. Good morning, everyone, and thank you for joining us. With me today are John Walsh, President and CEO of UGI; Roger Perreault, Executive Vice President, Global LPG and effective June 26, 2021, President and CEO of UGI; Ted Jastrzebski, CFO of UGI; and Bob Beard, Executive Vice P...

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 ***/ PennEnergy, a Pittsburgh-based independent oil and gas company, is a leading Appalachian based producer an...

Once you sort through all of the subsidiaries of subsidiaries of subsidiaries, you'll find this news from a press release we spotted this morning: PennEnergy Resources has sold a gathering pipeline system in western Pennsylvania, called Pine Run Midstream, to a joint venture partnership between venture capital firm Energy Spectrum Partners (based in Texas) and utility/pipeline company UGI (based in Pennsylvania). Sale price: $205 million. You'll see in the press release below that a company called Stonehenge III (a subsidiary of Stonehenge Energy Resources, which is itself a portfoli...