Skip to main content

Market Overview

Constitution Pipeline Company Announces Customer Agreements

Share:

Constitution Pipeline Company, LLC, a joint development between Williams Partners L.P. (NYSE: WPZ) and Cabot Oil & Gas Corporation (NYSE: COG), today 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 Company, a subsidiary of Southwestern Energy Company (NYSE: SWN) has agreed to transport 150,000 dt/day for a total takeaway capacity of 650,000 dt/day (enough natural gas to serve about 3 million homes).

The new 121-mile Constitution Pipeline is being designed to connect Williams Partners' gathering system in Susquehanna County, Pa., to the Iroquois Gas Transmission and Tennessee Gas Pipeline systems in Schoharie County, NY. Williams Partners will own 75 percent of Constitution Pipeline and, through its affiliates, will provide construction, operation and maintenance services for the new pipeline. Cabot will own the remaining 25 percent.

 

Related Articles (COG + SWN)

View Comments and Join the Discussion!

Posted-In: News Contracts

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com