Dominion and Caiman Energy II announce $1.5 billion joint venture to develop Utica shale midstream assets

Yesterday, Dominion announced the formation of Blue Racer Midstream, LLC – a $1.5 billion joint venture with Caiman Energy II, LLC, to provide midstream services such as gathering, processing, fractionation and natural gas liquids transportation and marketing to natural gas producers operating in the Utica shale in Ohio and portions of Pennsylvania, a press release from Dominion and The Columbus Dispatch said. The equal partnership will consist of “Dominion contributing midstream assets and Caiman contributing private equity capital,” the release said. The partners' focus will be on a "few counties in western Pennsylvania" and more than 30 counties in eastern Ohio, stretching all the way to Knox, Licking and Fairfield counties, The Dispatch reports. 

Ohio, Pennsylvania