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Crestwood signs additional marcellus shale agreement with Antero Resources


Published Mar 14, 2013
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Crestwood Midstream Partners LP

Crestwood Midstream Partners LP declaredan agreement with Antero Resources Appalachian Corporation (Antero) to provide natural gas compression services on developing rich gas acreage in Doddridge County, West Virginia. The new seven year compression services agreement will allow for Crestwood to construct, own and operate a compressor station on Antero's Western Area acreage ("Western Area") which is not dedicated to Crestwood under the existing 20 year gathering and compression agreement which covers the Eastern Area of Dedication ("Eastern AOD"). The new compression services agreement provides for fixed-fee compression services and minimum volume commitments similar to the existing Eastern AOD contract.

A new Western Area compressor station will be located, designed and installed by Crestwood as requested by Antero and in conjunction with their drilling and development program and the expansion of local gathering and processing infrastructure. The new agreement does not impact Crestwood's seven year right of first offer to acquire midstream infrastructure from Antero in the Western Area and is in addition to the previously announced construction of two compressor stations, Morgan and Perkins, being constructed by Crestwood in the Eastern AOD during 2013.

Tags: Crestwood Midstream Partners LP




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