Penn Virginia Resource Partners will expand its presence in Pennsylvania's Marcellus Shale region, agreeing to acquire pipeline company Chief Gathering in a $1 billion deal. Also, AOL has agreed to sell more than 800 patents to Microsoft for $1.056 billion, the latest in a string of technology sector deals for intellectual property rights.
April 19, 2012 at 12:00 AM
1 minute read
Penn Virginia Resource Partners will expand its presence in Pennsylvania’s Marcellus Shale region, agreeing to acquire pipeline company Chief Gathering in a $1 billion deal.
Among Chief Gathering’s assets are six natural gas gathering systems that cover more than 300,000 acres in northeastern Pennsylvania and West Virginia. The midstream pipeline company is owned by Chief E&D Holdings in Dallas.
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