The JV significantly increases Rice's leading midstream position in the core of the Utica Shale.
Pennant owns Hickory Bend processing plant and related gathering systems in Pennsylvania and Ohio. Roughly-$400 million investment includes about 41 miles of wet gas field gathering and high-pressure pipeline facilities.
Sanchez intends to invest about $115 million and receive a 50% ownership interest in the plant and pipelines, which will be located near its Catarina asset in the Eagle Ford.
The Oklahoma City company entered into an agreement to acquire the Piñon Gathering Co. LLC from EIG Global Energy Partners for $126 million.
Matador is retaining its natural gas gathering system up to a central delivery point and its other midstream assets in the area, including oil and water gathering systems and salt water disposal wells.
Facility has salt caverns, surface storage and inline blending for 10 types of crude. There is access to pipeline network and barge loading and unloading facility at Port of Krotz Springs.
SPP will acquire and operate, the pipeline, gathering and compression assets located on the Western part of its Catarina asset in South Texas in Dimmit and Webb counties.
The $2 billion project is expected to provide producers in the Marcellus and Utica shale areas new transportation options to move gas out.
EnLink Midstream Partners creates a foothold in the Delaware Basin while Matador estimates it will free up $500 million in liquidity in a transaction for its newly operational gas-processing plant.
Oil will be gathered and transported from points in Grady, Stephens, Garvin, McClain, Canadian, Kingfisher and Blaine counties, Okla. A pipeline extension will be placed in the Stack play.
Upon closing, Matador expects to have more than $500 million in liquidity and nothing drawn against its revolving credit facility.
The Houston company expects this to increase its natural gas processing capacity to 400 MMcf/d in the region's Terryville Complex.