February 2010 Vol. 237 No. 2

Projects

Rex Energy And Stonehenge Form Midstream Joint Venture

Keystone Midstream, a newly formed joint venture between Rex Energy Corp. and Stonehenge Energy Resources, L.P., will initially invest up to $25 million to build a high-pressure gathering system and cryogenic gas processing plant in Butler County, PA. Stonehenge Energy Resources, L.P. was formed in 2007 to design, build, own and operate midstream assets such as natural gas gathering, treating and processing facilities. Stonehenge is a portfolio company of Energy Spectrum Capital, a private equity firm focused exclusively on the energy industry with over $1 billion in assets under management. Rex Energy owns 40% of Keystone Midstream and has contributed to the joint venture its

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