Cases & Deals

Ascent Resources sells existing natural gas gathering system and related assets to Blue Racer Midstream

Clients American Energy Partners, LP

Jones Day represented Ascent Resources – Marcellus, LLC ("ARM") in its sale of an existing natural gas gathering system and related assets located in Wetzel County, West Virginia to Blue Racer Midstream, LLC ("Blue Racer") for a purchase price of $60 million. ARM retained its upstream assets in the transaction and the parties entered into gathering and processing agreements for the gathering, transportation, and processing of ARM's natural gas in the Marcellus Shale Formation on the same system.