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Retail Supplier Affiliate Acquires Southern Appalachian Natural Gas Gathering, Processing Assets
September 17,2019 Eco-Energy, a biofuel and natural gas marketing supply chain company which is affiliated with retail supplier Eco-Energy Natural Gas, LLC, announced the acquisition of the Stone Mountain gathering pipeline system, Stone Mountain processing facility and the Stone Mountain rail terminal. The assets had been owned by Continuum Energy Services for over 10 years. Financial terms were not disclosed. The Stone Mountain gathering system is made of up over 600 miles of gathering pipelines that span Kentucky, Tennessee, and Virginia. The system has a design capacity for 60,000 Mcf/d and collects gas from over 800 wells which supply the cryogenic processing facility before interconnecting with the East Tennessee pipeline. The East Tennessee interconnect provides a significant uplift in value to the surrounding production, the company said The Stone Mountain cryogenic processing plant has capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal. "Eco is looking forward to growing our natural gas business with this new asset. Stone Mountain will be a strategic foothold in the Southern Appalachian market that complements our commercial marketing platform. Eco Energy is looking forward to our partnership with the current producer Magnum Hunter Production (a division of Montage Resources)," stated Brian Simpson, Eco-Energy’s EVP of Development. Eco-Energy markets 1.5bcf/d of natural gas, making Eco-Energy a top-25 natural gas marketer in the U.S.
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