EQT Takes 70% of Peregrine Midstream Partners

Buyout shop EQT has taken a 70% stake in U.S. natural gas storage company Peregrine Midstream Partners. Terms of the deal were not released. The infusion of capital will help Peregrine to complete its Ryckman Creek project, a depleted oil and gas reservoir that is being converted into a gas storage facility, Reuters said.

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