DTE Energy subsidiary increases stake in Marcellus natural gas pipeline
Thursday, May 9, 2019
DTE Midstream, a subsidiary of DTE Energy, recently increased its stake in a natural gas gathering system in the Marcellus Shale, according to Power Engineering.
The company signed a deal with WGL Midstream Inc., to acquire an additional 30% interest in Stonewall Gas Gathering, an approximately 67-mile, 36-inch gas system located in West Virginia. DTE is paying $275.3 million to increase its ownership from 55% to 85%.
Completion of the deal is still pending until certain third-party rights, notice and elections are satisfied.
Learn more: Power Engineering > DTE Energy subsidiary increases ownership in Marcellus gas pipeline to 85 percent
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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