UGI Corp. will team with Tenaska Resources to develop Marcellus shale gas in Pennsylvania. UGI...

|About: UGI Corporation (UGI)|By:, SA News Editor
UGI Corp. will team with Tenaska Resources to develop Marcellus shale gas in Pennsylvania. UGI will construct and operate ~20 miles of new gathering pipelines and related processing and compression facilities for wells Tenaska intends to drill, with the first phase in late 2013 or early 2014. Initial investment is seen at ~$25M, totaling ~$65M over 10 years.