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Enterprise to Build Marcellus/Utica Shale Ethane Pipeline

Enterprise Products Partners L.P. announced that it has received sufficient transportation commitments to support...

Chart: Appalachian Basin Rig Count As Of December 29, 2011

New York, Ohio, Pennsylvania, Virginia and West Virginia

Providence Energy Corporation

has been a privately-owned, active acquirer of oil and gas properties since 1993. Currently, Providence owns and manages over 2.5 million net mineral acres in 34 states with royalty or working interests in over 10,000 wells. Providence is a national leader in the domestic unconventional natural gas plays and was one of the first on the ground in the Marcellus Shale in Pennsylvania and West Virginia. The company's business model has been molded around the premise of buying oil and gas mineral rights across the country while partnering with world class operators to develop the resources. Providence has also been pursuing diversified sources of alternative energy for several years and is currently developing waste-to-energy and hydropower projects across the country.

The company's mineral rights are managed by the subsidiaries Providence Minerals LLC, PEC Minerals LP, and Somerset Minerals LP, each of which is readily pursuing partnership or leasing opportunities with exploration and production companies. Cheyenne, a recently formed Exploration and Production arm, has secured over 800,000 leasehold acres in the Mississippi Lime formation in Kansas and will begin operations in Q2 2012.