Utica Shale

[dan_s]

Utica East Ohio Announces Major Expansion

Access Midstream Partners, L.P. (ACMP) announced today a major expansion of the Utica East Ohio (UEO) midstream service complex in eastern Ohio. The expansion will increase UEO's nameplate capacity to 1 billion cubic feet per day (bcf/d) and allows for a processing capacity of over 1.1 bcf/d. UEO is a joint venture owned 49% by Access Midstream, 30% by M3 Midstream LLC and 21% by EV Energy Partners, L.P. (EVEP). Additional capacity is needed to meet new commitments from existing customers Chesapeake Energy Corporation (CHK), Total Gas & Power North America, Enervest Ltd. and new customer, American Energy - Utica, LLC, an affiliate of American Energy Partners, LP. These new commitments are expected to increase UEO’s ultimate throughput by 70% over existing commitment levels.

http://finance.yahoo.com/news/utica-eas ... 00579.html

This is good news for several of our model portfolio companies (GPOR, CRZO, RRC, GST)

[prince_jake_33]

Dan what do you think of CHK?

[dan_s]

CHK is not on my radar screen, but it should be fine if gas prices hold up.

If you want to add more exposure to natural gas, take a look at Devon Energy (DVN).