PostRock Considering Alternatives for KPC Pipeline
19 Gennaio 2012 - 10:21PM
PostRock Energy Corporation (Nasdaq:PSTR)
("PostRock") today announced that it was investigating strategic
alternatives for the KPC Pipeline, its wholly-owned interstate
natural gas pipeline. Transactions being considered include a sale
or joint venture and may involve conversion of part of the line to
crude oil service. The Company has engaged Robert W. Baird &
Co. to act as its financial advisor to assist in the process.
PostRock Energy Corporation is engaged in the acquisition,
exploration, development, production and transportation of oil and
natural gas, primarily in the Cherokee Basin of Kansas and
Oklahoma. The Company owns and operates over 3,000 wells and nearly
2,200 miles of gas gathering lines in the Basin. It also owns a
1,120 mile interstate natural gas pipeline, which transports
natural gas from northern Oklahoma and western Kansas to Wichita
and Kansas City.
The PostRock Energy Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7221
CONTACT: Company Contact
North Whipple
Director, Finance & Investor Relations
(405) 702-7423
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