Morgan Stanley Infrastructure Partners

Eureka Midstream provides natural gas gathering and processing services to producers in the Marcellus and Utica shale plays. The company operates a significant network of high and low-pressure pipelines, primarily located in southeastern Ohio and the panhandle of West Virginia. This infrastructure is critical for transporting natural gas from the wellhead to larger transmission systems.

The company's assets include over 200 miles of pipelines and multiple compressor stations, which are essential for maintaining the pressure and flow of gas through the system. Eureka's business model revolves around long-term, fee-based contracts with its customers, which are primarily oil and gas exploration and production companies. This structure provides a steady and predictable stream of revenue.

Eureka Midstream was formed as a joint venture, and in 2017, Morgan Stanley Infrastructure Partners acquired a controlling interest in the company. This acquisition was a significant milestone, providing the financial backing and strategic oversight of a major global investment firm. The company's operations are concentrated in one of the most prolific natural gas basins in the United States, positioning it as a key player in the region's energy infrastructure.

Keywords: midstream, natural gas, pipelines, gathering services, processing services, Marcellus Shale, Utica Shale, energy infrastructure, fee-based contracts, oil and gas