UGI to Acquire Stonehenge Appalachia Gas Gathering System for $190 Million

UGI Corp. agreed to acquire the Stonehenge Appalachia natural gas gathering system for approximately $190 million on Jan. 4 set to further bolster its growing position in the region.

Headquartered in Pennsylvania, UGI is a distributor and marketer of energy products and services including midstream energy assets within the Appalachian Basin across Pennsylvania, Ohio and West Virginia.

Since the roughly $1.3 billion acquisition of TC Energy’s Appalachia affiliate, Columbia Midstream Group, in 2019, UGI has continued to grow its footprint in the basin including the acquisition of an ownership stake in the Pine Run natural gas gathering system through a joint venture with Stonehenge Energy in early 2021.