PVR Partners, L.P. Announces Agreement To Provide Trunkline, Gathering And Compression Services In The Utica Shale For Hess

  PVR Partners, L.P. Announces Agreement To Provide Trunkline, Gathering And
         Compression Services In The Utica Shale For Hess Corporation

PR Newswire

RADNOR, Pa., Sept. 3, 2013

RADNOR, Pa., Sept. 3, 2013 /PRNewswire/ --PVR Partners, L.P. (NYSE: PVR)
("PVR") today announced that it has entered into a definitive agreement with
Hess Corporation (NYSE: HES) ("Hess") to construct, own and operate a 45-mile
natural gas trunkline and associated gathering pipelines and facilities
servicing Hess's lean gas production in the Utica Shale in eastern Ohio.

(Logo: http://photos.prnewswire.com/prnh/20110224/PH54022LOGO )

In addition to providing committed volumes of gas to the project, the
agreement establishes an area of mutual interest ("AMI") covering portions of
Belmont, Jefferson and Harrison Counties where Hess holds a substantial
acreage position. PVR will construct a minimum 20-inch diameter trunk line
with an expected minimum capacity of 450 million cubic feet per day and
connections to the Texas Eastern and Rockies Express interstate pipelines,
with possible future connections to other interstate systems. Additionally,
PVR will construct gathering pipelines, compression stations, dehydration
facilities and other related facilities to gather Hess's production from the
dedicated acreage. The services will be provided solely on a volumetric fee
basis, with no direct commodity price exposure. The project is expected to
begin operations in late 2014 and PVR anticipates contracting with additional
producers for capacity and gathering services as construction of the system
progresses.

PVR expects the total capital investment for the trunkline, initial gathering
lines, compression stations and dehydration facilities to be in the range of
$125-150 million, and expects to invest approximately $10 million during the
remainder of 2013, and approximately $50 million during the first half of 2014
and $50 during the second half of 2014, with the balance in 2015.

Bill Shea, President and Chief Executive Officer of PVR's general partner,
said; "PVR is pleased to announce this strategic expansion of our midstream
business into the Utica Shale and we welcome the opportunity to serve Hess
Corporation, a world-class energy provider. We believe Hess's selection of
PVR as their midstream provider in the Utica Shale is another validation of
our growing reputation for supplying reliable high-quality midstream services
to meet the needs of shale gas producers. We have done so successfully in the
Marcellus Shale region, and we expect to duplicate that success in the Utica
Shale."

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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.

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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 the Partnership 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 the Partnership'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, and 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, 2012 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
           Phone: 610-975-8204
           E-Mail: invest@pvrpartners.com

SOURCE PVR Partners, L.P.

Website: http://www.pvrpartners.com
 
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