We are a limited partnership formed to own, operate, develop and acquire midstream assets in the Appalachian Basin. We operate in two business segments, which are managed separately due to their distinct operational differences: (i) gathering and compression and (ii) water services. Our natural gas gathering and compression assets consist of natural gas gathering and compression systems that service high quality producers in the dry gas core of the Marcellus Shale in southwestern Pennsylvania. Our water services assets consist of water pipelines, impoundment facilities, pumping stations, take point facilities and measurement facilities, which are used to support well completion activities and to collect and recycle or dispose of flowback and produced water for EQT Corporation (NYSE: EQT) and third parties in Washington and Greene Counties, Pennsylvania and Belmont County, Ohio. We provide our services under long-term, fee-based contracts, primarily to EQT.

Competitive Strengths

We believe we are well positioned to successfully execute our business strategies because of the following competitive strengths:

  • Our affiliation with Rice Energy
  • Our newly constructed assets, servicing sizeable, contiguous acreage positions are expected to deliver strong throughput growth with limited capital expenditures
  • Long-term, fixed-fee contracts with Rice Energy and third parties to support cash flow
  • System takeaway optionality and surplus capacity, providing competitive advantage in attracting third-party volumes

Mission and Vision

Our principal business objective is to increase the quarterly cash distributions that we pay to our unitholders over time while promoting the ongoing stability of our business. We expect to achieve this objective through the following business strategies:

  • Providing natural gas gathering and compression services to Rice Energy’s rapidly growing Marcellus Shale production
  • Pursuing accretive acquisitions including Rice Energy’s retained midstream assets
  • Attracting additional third-party business from top tier producers
  • Focusing on long-term, fixed-fee agreements to avoid direct commodity price exposure