Interstate Natural Gas Storage Services – Chestnut Ridge Storage LLC began a nonbinding open season for gas storage capacity at the Junction natural gas storage facility, which is currently being developed, the company said July 31. The facility will serve Marcellus and Utica producers.
The company is owned by affiliates of eCORP International LLC and financial partners.
There are 15 billion cubic feet (Bcf) of initial working capacity. The open season ends on Sept. 15.
The facility will be built in the West Summit Field in Fayette County, Pa., and Monongalia and Preston counties, W. Va.
Junction Storage will be a multicycle, high deliverability facility with up to 25Bcf of working capacity and 500,000 dekatherms per day of peak injection and withdrawal.
There will be interconnects with the Columbia Gas Transmission, Dominion Transmission, Equitrans and Texas Eastern pipeline systems near Waynesburg, Pa.
Chestnut Ridge will seek Federal Energy Regulatory Commission approval for the project, which is scheduled to be in service in the second quarter of 2018. Limited commercial operations could begin in the fourth quarter of 2017, the company added.
eCORP International LLC is based in Houston.
Recommended Reading
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
2024-04-18 - Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
2024-02-27 - After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
2024-02-29 - Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.