Pine Run Gathering completed the acquisition of Pine Run Midstream from PennEnergy Resources for $205m.

Pine Run Gathering, a joint venture owned by Energy Spectrum Partners and UGI, completed the acquisition of Pine Run Midstream from PennEnergy Resources, a Pittsburgh-based independent oil and gas company, for $205m. "Pine Run Gathering is a great addition to our portfolio. It is well run and has a strong operations team in place that fits nicely with our midstream business. This asset will accelerate the growth of our existing western Pennsylvania natural gas gathering business and is a great strategic fit for UGIES," Joseph L. Hartz, UGI President.