PVR Partners, L.P. Announces Appointment of Midstream Chief Operating Officer
RADNOR, Pa., Jan. 29, 2013
RADNOR, Pa., Jan. 29, 2013 /PRNewswire/ --PVR Partners, L.P. (NYSE: PVR)
today announced that Mark D. Casaday has been appointed as Executive Vice
President and Chief Operating Officer - Midstream. In his expanded role at
PVR, Mr. Casaday will be responsible for management of PVR's Midcontinent
midstream business in addition to his current responsibilities for management
of the Eastern midstream business.
(Logo: http://photos.prnewswire.com/prnh/20110224/PH54022LOGO )
Bill Shea, President and Chief Executive Officer of PVR's general partner,
said; "Mark has done an excellent job in the development and operation of
PVR's midstream business in the Marcellus Shale. During the last three years,
Mark has been responsible for the investment of approximately $1.5 billion
that has turned a promising idea of gathering and transporting product for
Marcellus producers into a very successful business currently handling more
than one billion cubic feet per day of natural gas, and delivering more than
10 million gallons of water per month to our customers.
"We are very pleased to have Mark assume responsibility for PVR's entire
midstream business. I am confident that Mark's extensive industry experience,
combined with his record of successfully developing new business
opportunities, will enable PVR to continue to grow our midstream business,"
said Mr. Shea.
PVR Partners, L.P. (NYSE: PVR) is a publicly traded limited partnership which
owns and operates a network of natural gas midstream pipelines and processing
plants, and owns and manages coal and natural resource properties. Our
midstream assets, located principally in Texas, Oklahoma and Pennsylvania,
provide gathering, transportation, compression, processing, dehydration and
related services to natural gas producers. Our coal and natural resource
properties, located in the Appalachian, Illinois and San Juan basins, are
leased to experienced operators in exchange for royalty payments.
This press release includes "forward-looking statements" within the meaning of
federal securities laws. All statements, other than statements of historical
facts, included in this release that address activities, events or
developments that PVR expects, believes or anticipates will or may occur in
the future are forward-looking statements. These forward-looking statements
rely on a number of assumptions concerning future events and are subject to a
number of uncertainties, factors and risks, many of which are outside PVR's
ability to control or predict, which could cause results to differ materially
from those expected by management. Such risks and uncertainties include, but
are not limited to, regulatory, economic and market conditions, our ability
realize the anticipated benefits from the acquisition of Chief Gathering, the
timing and success of business development efforts and other uncertainties.
Additional information concerning these and other factors can be found in our
press releases and public periodic filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year ended
December 31, 2011 and most recently filed Quarterly Reports on Form 10-Q.
Readers should not place undue reliance on forward-looking statements, which
reflect management's views only as of the date hereof. We undertake no
obligation to revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact: Stephen R. Milbourne
Director - Investor Relations
SOURCE PVR Partners, L.P.
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