South Korean company invests in Eureka Midstream
Friday, October 13, 2017
SK Holdings has decided to invest $100 million in Eureka Midstream, an oil and natural gas transportation and processing company that operates in Ohio and Pennsylvania, according to The Investor.
Eureka’s major shareholder, Morgan Stanley, has reportedly decided to sell its stake in the company to SK Holdings in order to develop a strategic partnership. SK’s recent investment is expected to strengthen the development, transport and supply of natural gas in the United States.
Based in Houston, Texas, Eureka operates in the Marcellus and Utica shale plays where the largest natural gas reservoirs in North America are located.
Learn more: The Investor > SK to invest US$100m in US-based Eureka Midstream
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