Aqua America (WTR) & Penn Virginia Resource Partners (PVR) Enter Joint Venture
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Aqua America Inc. (NYSE: WTR) and Penn Virginia Resource Partners, L.P. (NYSE: PVR) today announced that certain of their operating subsidiaries have formed a joint venture, Aqua — PVR Water Services, LLC, to construct and operate a private pipeline system to supply fresh water to natural gas producers drilling in the Marcellus Shale in north-central Pennsylvania.
The 12-inch diameter steel pipeline will largely parallel the trunkline of PVR's gathering system in Lycoming County and will share PVR's existing rights-of-way.
The 12-inch diameter steel pipeline will largely parallel the trunkline of PVR's gathering system in Lycoming County and will share PVR's existing rights-of-way.
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