has withdrawnits motion to reject 's legacy gathering agreements relating to its Barnett Shale assets following the closing of BlueStone Natural Resources II LLC'sacquisition of said assets, according to an April 6 news release.
CrestwoodEquity has entered into a 10-year commercial agreement with BlueStone, under a fixed-feeand percent of proceeds fee structure, to gather and process natural gas acrossits Alliance, Lake Arlington and Cowtown systems in the Barnett Shale.
Underthe agreement, BlueStone provided assurance that it will return currently shut-inwells to production across all systems by July 1 and that it will not shut in orchoke back production for economic purposes through the end of 2018.
The newagreements "are in-line with our previously announced 2016 guidance, are designedto maximize production in the current low commodity price environment and providesignificant upside to both Crestwood and BlueStone as commodity prices recover,"Robert Phillips, chairman,president and CEO of Crestwood Equity's general partner, said in a statement.
Quicksilversought bankruptcy protectionin 2015.