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UGI, Tenaska Resources Partner to Develop Marcellus Shale Acreage

UGI Corporation has announced that it has partnered with Tenaska Resources LLC, an affiliate of independent energy company Tenaska, to jointly develop in the Marcellus Shale region, as reported by the Oil & Gas Financial Journal. Starting in late 2013 or early 2014, UGI Energy Services, Inc., will construct approximately 20 miles of new gathering pipelines and related processing facilities for wells that Tenaska intends to drill in Potter County, Pennsylvania. In additional to the gathering system, UGI has invested $25 million for an approximate 19 percent non-operating working interest in acreage that Tenaska operates in Tioga County, Pennsylvania.