ArcLight Capital Partners Announces Agreements to Construct and Operate New Crude Oil Gathering, Storage and Transmission Systems in the Core of the Eagle Ford Shale
BOSTON, July 30, 2014 /PRNewswire/ — ArcLight Capital Partners, LLC (“ArcLight”) announced today that Republic Midstream, LLC (“Republic Midstream”), a newly-formed portfolio company, executed agreements with Penn Virginia Corporation (NYSE: PVA; “Penn Virginia”) to construct and operate a crude oil gathering system, a central delivery terminal complex and an intermediate takeaway pipeline to serve Penn Virginia’s prolific acreage position in the Eagle Ford Shale.