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Timothy Smith

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Timothy Smith

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Thursday, 10/08/2015 5:56:33 PM

Thursday, October 08, 2015 5:56:33 PM

Post# of 58
Gulfport Energy (GPOR +2.7%) and Rice Energy (RICE -0.6%) announce plans to form a midstream joint venture to develop natural gas gathering and water services assets to support dry gas development in the Utica Shale in Ohio.

Plans call for a gathering system of 165 miles of high- and low-pressure pipelines with multiple interconnections to interstate pipelines, with first deliveries were scheduled for mid-2016.

GPOR will own 25% of the JV, with RICE owning the rest and being responsible for constructing and operating the assets.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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