Constitution Pipeline Co., LLC, a joint development between Williams Partners L.P. (NYSE: WPZ) and Cabot Oil & Gas Corp. (NYSE: COG), announced the execution of precedent agreements for a proposed 121-mile pipeline designed to connect natural gas production in northeastern Pennsylvania with northeastern markets by spring 2015.

Cabot Oil & Gas has committed to transport 500,000 dt/day (dekatherms per day), while Southwestern Energy Services Co., a subsidiary of Southwestern Energy Co. (NYSE: SWN) has agreed to transport 150,000 dt/day for a total takeaway capacity of 650,000 dt/day (enough natural gas ...