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- November 2011: Vol. 4, Number 10

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First Reserve Closes $100 Million Shale JV

by

Energy private equity firm First Reserve Corp. has committed $100 million from its Energy Infrastructure Fund to a joint venture with Energy Corp. of America (ECA). Through the joint venture, First Reserve will own a 50 percent interest in two constructed gathering systems located in Pennsylvania’s Greene and Clearfield counties. Both systems service the Marcellus Shale.

The joint venture also intends to explore other opportunities to develop new or expand existing gathering systems in the region to accelerate the production of additional hydrocarbon fuels.


 

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