Pine Run Gathering’s $205 Million Acquisition of Pine Run Midstream

Winston & Strawn represented PennEnergy Resources, LLC in the transaction.

PennEnergy Resources, LLC, a Pittsburgh-based independent oil and gas company, executed the $205 million sale of Pine Run Midstream, LLC to Pine Run Gathering LLC, a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC, a portfolio company of Energy Spectrum Partners VIII LP, and a subsidiary of UGI Energy Services LLC, which is a subsidiary of UGI Corporation.

As a leading Appalachian-based producer, PennEnergy Resources will continue to be an anchor customer of Pine Run Midstream, which operates 43-miles of dry gas gathering pipeline and compression assets located in Butler and Armstrong counties in western Pennsylvania.

Winston & Strawn represented PennEnergy Resources with partners Andrew D. Betaque (Picture), Isaac E. Griesbaum, Conor A. Reidy, and associates Anna Gryska, Danielle Olson Marr, and John P. Niedzwiecki.

Involved fees earner: Andrew Betaque – Winston & Strawn; Isaac Griesbaum – Winston & Strawn; Anna Gryska – Winston & Strawn; John Niedzwiecki – Winston & Strawn; Danielle Olson Marr – Winston & Strawn; Conor Reidy – Winston & Strawn;

Law Firms: Winston & Strawn;

Clients: PennEnergy Resources, LLC;

Martina Bellini

Author: Martina Bellini