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Range Resources (RRC)

Posted: Tue Aug 12, 2014 3:31 pm
by dan_s
This is all part of RRC's plan to reach 3 Bcfe per day of production by 2020.

NiSource to invest $1.75B to expand Ohio, West Virginia pipeline network • 3:09 PM

NiSource (NI +0.1%) says its Columbia Pipeline Group will invest $1.75B to expand and upgrade its pipeline network in Ohio and West Virginia.
The project will provide new infrastructure able to transport up to 1.5B cf/day of natural gas from the Marcellus and Utica shale plays to connections with U.S. Gulf coast and midwest terminals.
NI says suppliers already are signing up to use the pipeline, which is supported by long-term service agreements with Range Resources (NYSE:RRC), Noble Energy (NYSE:NBL), Kaiser Marketing Appalachian and former Chesapeake CEO Aubrey McClendon’s startup American Energy Utica.
NI expects to begin construction of the line in late 2016 and begin operations in late 2017.