Business

Hilcorp, NiSource Join Forces to Develop Utica Shale

Downtown Houston's Hilcorp Energy Company is entering a joint venture with NiSource to develop natural gas production in Pennsylvania and Ohio.

Listen

To embed this piece of audio in your site, please use this code:

<iframe src="https://embed.hpm.io/81825/36522" style="height: 115px; width: 100%;"></iframe>
X

The joint venture, known as Pennant Midstream, will combine Hilcorp and NiSource’s leaseholds in the Utica/Point Pleasant Shale formation of northeast Ohio and western Pennsylvania. Hilcorp will serve as the operator and manage the development of the combined acreage.

Pennant will build new gathering pipeline infrastructure, as well as processing facilities for natural gas liquids, to support the region’s production. The initial processing plant is set to be delivered by the end of July. The gathering system, as well as the finished processing complex, are expected to enter service by September of next year.

Hilcorp is one of the largest privately owned independent oil and natural gas companies in the country. It has over a thousand employees in eleven operating areas, stretching from the Gulf of Mexico to Alaska’s Cook Inlet.

Subscribe to Today in Houston

Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

* required

Share

Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media’s business reporter, covering the oil...

More Information