May 15, 2014
DTE Energy's Gas Storage and Pipeline segment has secured long-term gathering commitments with Southwestern Energy Co. and Cabot Oil & Gas Corp. which will significantly expand the Bluestone Pipeline.
"The stronger than expected performance of Marcellus reserves in Susquehanna County continues to drive the need for additional infrastructure," said Richard Redmond, executive vice president, DTE Gathering and Processing. "We are excited to further grow our relationship with Southwestern Energy."
The incremental Bluestone Pipeline capacity is supported by long-term agreements with minimum term commitments ranging from 10 to15 years. Once in-service, the expansion facilities will increase the capacity of the Bluestone Pipeline from 600,000 Dth/day to 975,000 Dth/day, a greater than 60% increase in capacity since the gathering system first came online in late 2012.
The 44.5 mile Bluestone Pipeline and Gathering system can currently transport up to 600,000 Dth/day combined to both the Millennium Pipeline in Broome County, N.Y. and the Tennessee Gas Pipeline in Susquehanna County, Pa.
"We are pleased to have the opportunity to expand our gathering services in Susquehanna County to Cabot Oil & Gas," said Redmond.
About DTE Energy
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio also includes non-utility energy businesses focused on power and industrial projects, unconventional gas production and energy trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.
About Southwestern Energy
Southwestern Energy Co. (NYSE:SWN) is an independent energy company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com.
About Cabot Oil & Gas
Cabot Oil & Gas Corp., headquartered in Houston, is a leading independent natural gas producer with its entire resource base located in the continental United States. For additional information, visit the company's homepage at www.cabotog.com.
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