New Jersey Resources Unit NJR Midstream to Buy Miss. Gas Storage Facility

Date : 09/06/2019 @ 5:51AM
Source : Dow Jones News
Stock : Macquarie Group Limited (MQG)
Quote : 134.93  0.66 (0.49%) @ 3:49PM
Macquarie share price Chart

New Jersey Resources Unit NJR Midstream to Buy Miss. Gas Storage Facility

New Jersey Resources (NYSE:NJR)
Historical Stock Chart

3 Months : From Aug 2019 to Nov 2019

Click Here for more New Jersey Resources Charts.

By Josh Beckerman

 

New Jersey Resources Corp. (NJR) unit NJR Midstream has agreed to buy Mississippi natural gas storage facility Leaf River Energy Center LLC from Macquarie Infrastructure Partners for $367.5 million, subject to certain conditions.

Leaf River consists of three salt dome caverns with a combined capacity of 32.2 million dekatherms. Macquarie bought Leaf River in late 2012 from NGS Energy LP.

NJR Midstream has 50% stake in Pennsylvania gas storage facility Steckman Ridge.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 05, 2019 17:36 ET (21:36 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

Finance Manila is owned and operated by ADVFN PLC.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:fm D:20191122 14:12:38