Equitrans Midstream Corp. and EQM Midstream Partners announced they have acquired two midstream companies in the Marcellus to expand their natural gas coverage in the Marcellus. The two companies acquired 60 percent interest in Eureka Midstream and 100 percent interest in Hornet Midstream for a total of $1.03 billion.
Eureka is a 190-mile gathering header pipeline in Ohio and West Virginia that services both dry Utica and wet Marcellus production. Hornet Midstream is a 15-mile, high-pressure gathering system in West Virginia that connects to the Eureka system.
EQM Midstream, in addition to natural gas processing and pipeline operations, owns a full cycle of water services for natural gas development. Assets include water pipelines, impoundments, pumping stations, and take point and measurement facilities. It collects flowback and produced water for recycling or disposal for parent EQT Corp. as well as for other producers in Washington and Green Counties in Pennsylvania and Belmont County, Ohio.
The company announced in early 2019 that is expects to invest approximately $100 million in expanding its freshwater delivery infrastructure in Pennsylvania and Ohio.