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Dominion and Caiman Energy II Form $1.5 Billion JV to Develop Utica Midstream Assets

On December 20, 2012, Dominion and Caiman Energy announced they are forming a $1.5 billion joint venture to provide midstream services to natural gas producers operating in the Utica shale in Ohio and portions of Pennsylvania.  The infrastructure to be developed and the services that will offered include gathering, processing, and fractionation, which are critical to meet the demands of increased production in the Utica.  Dominion is also contributing its Natrium Extraction Plant and related facilities that are already under construction in Marshall County, West Virginia.