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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dennis Roth who wrote (180466)9/12/2013 4:12:12 PM
From: Dennis Roth1 Recommendation   of 206184
 
Dominion to farm out 100,000 Marcellus Shale acres, form MLP
Birmingham, Alabama (Platts)--12Sep2013/229 pm EDT/1829 GMT
platts.com

Richmond, Virginia-based Dominion has begun talks about farming out 100,000 acres in the West Virginia portion of the Marcellus Shale to producers, CEO Thomas Farrell said Thursday. The acreage has potential natural gas reserves of 1 trillion cubic feet, he added.

The company also plans to form a master limited partnership whose assets will include Dominion's Cove Point LNG operation and its half interest in Blue Racer, a company that provides midstream services to Utica Shale producers, Farrell told the Barclays CEO Energy-Power conference. The MLP will have EBITDA of as much as $1 billion, he said...
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