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DTE Energy Announces Additional Transport And Gathering Agreements On Its Bluestone System

Stocks in this article: DTESWN

DETROIT, Aug. 1, 2013 /PRNewswire/ -- Subsidiaries of DTE Energy Company and Southwestern Energy Company signed agreements today to significantly expand their relationship centered on the Bluestone Pipeline and its in-field gathering system.

"We are pleased to expand upon our relationship with Southwestern Energy," said DTE Gas Storage and Pipeline President Pete Cianci.  "Southwestern is a first-class producer with world-class natural gas reserves.  This additional commitment to Bluestone affirms the high quality of the natural gas reserves in Susquehanna County, which recently became the highest producing county in Pennsylvania."

The agreement will increase Southwestern's firm transportation capacity on Bluestone.  Additionally, the scope of DTE Energy's gathering activities on behalf of Southwestern are increasing in Susquehanna County.

The Bluestone Pipeline, which went into service late last year, is expected to reach its single direction capacity of approximately 300,000 Dth/day near the end of this year, well ahead of original projections.  The 44.5 mile Bluestone Pipeline can transport up to 600,000 Dth/day combined to both the Millennium Pipeline in Broome County, N.Y. and the Tennessee Gas Pipeline in Susquehanna County, Pa.  The Bluestone Pipeline can be easily expanded with the addition of compression.  

About DTE Energy

DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include DTE Electric, an electric utility serving 2.1 million customers in Southeastern Michigan, DTE Gas, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on gas storage and pipelines, power and industrial projects, and energy trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

About Southwestern Energy

Southwestern Energy Company (NYSE:SWN) is an independent energy company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com.

SOURCE DTE Energy

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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