UGI Energy Services Announces Completion of the Auburn Loop

UGI Energy Services, LLC, a wholly-owned subsidiary of UGI Corporation, today announced the completion of its “Auburn Loop” pipeline project.

The Auburn Loop is the latest expansion of the Auburn gathering system and consists of a new nine-mile, 24-inch pipeline running from Susquehanna County to UGI Energy Services’ Manning Compressor Station in Wyoming County. The Auburn Loop parallels the existing 12-inch Auburn pipeline, and is scheduled to start delivering locally developed, natural gas on November 1, 2015.

Installation of the Auburn Loop, alongside the November 2014 installation of three additional compressor units at the Manning Compressor Station, completes the third phase of the expansion of the Auburn Gathering System. The new pipeline expands UGI Energy Services’ existing Auburn Gathering System by approximately 150,000 dekatherms per day, bringing the total capacity of the system to 470,000 dekatherms per day.

“The Auburn Gathering System is a great model for closing the region’s ‘infrastructure gap’ — putting low-cost Appalachian shale gas to work for the Commonwealth’s businesses and families,” said Brad Hall, president of UGI Energy Services. “Over the past four years, we have continued to expand our Auburn facilities to accommodate the need to increase the takeaway capacity in this rich Marcellus region. Short haul projects like this make economic sense for producers and consumers alike.”

The Auburn Loop will transport low-cost natural gas produced primarily by Cabot Oil & Gas Corporation, one of the leading northeast Pennsylvania natural gas producers.

“Cabot is excited to celebrate the addition of the Auburn Loop,” said George Stark, director of external affairs at Cabot Oil & Gas. “As we head into winter and the heating season, we’re excited and proud to know we will have a hand in helping local families and businesses — our friends and neighbors — have greater access to an environmentally-friendly, affordable, reliable source of homegrown fuel.”

About UGI Energy Services, LLC

UGI Energy Services is a subsidiary of UGI Corporation (NYSE:UGI). UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 19,000 residential, commercial, industrial, institutional and government customers in nine states and Washington, D.C. In addition, UGI Energy Services owns and operates a variety of midstream natural gas assets that support the storage, transportation and delivery of natural gas in the Mid-Atlantic region of the U.S., and also owns and operates electric generation assets in Pennsylvania.

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole general partner and owns 26 percent of AmeriGas Partners L.P. (NYSE:APU), the nation's largest retail propane distributor. Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.

About Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation (NYSE:COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. For additional information, visit the company's homepage at www.cabotog.com.

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