South Korean company acquires stake in Eureka Midstream Holdings

Eureka Midstream Holdings LLC, which is focused on the Appalachian oil and natural gas basin, has announced a new ownership structure in which SK Holdings Co. Ltd. of South Korea takes an ownership stake in the company, according to Oil & Gas Financial Journal. The news site says Blue Ridge Mountain Resources Inc., formerly known as Magnum Hunter Resources, has agreed to divest 100% of its equity investment in Eureka Midstream. Blue Ridge had been in an equity partnership in Eureka with Morgan Stanley Infrastructure Inc., which now has entered into a new partnership with SK Holdings. For more, read the full story.

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