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US: Multi-billion dollar merger to expand Regency Energy gas operations

 |  October 10, 2013

Oil pipeline partnership Regency Energy Partners LP announced plans to acquire PVR partners in a deal worth about $3.88 billion and one that will expand Regency’s operations within the largest shale-gas basin in the US, the Marcellus Shale.

Regency is currently controlled by Energy Transfer Equity.

The two companies offered statements describing the acquisition as “highly beneficial” to PVR shareholders. According to Regency, the merger will also allow expansions within the Utica Shale and the Granite Wash fields.

Full Content: Bloomberg

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