MarkWest Does Midstream Deal with Rex Energy in Utica Shale
MarkWest Utica, a joint venture between MarkWest and EMG, announced today that they’ve signed up Rex Energy to provide pipeline gathering and processing services for Rex’s Utica Shale wells. Yesterday MDN told you about Rex’s big plans for the Marcellus and Utica Shale region (see Rex Energy Plans to Invest $200M on Marcellus/Utica Drilling in 2013). If you do a lot of new drilling, you’re going to need a way to get the gas to market. That’s what this deal does.
MarkWest says when their construction is done in 2014 they will have the largest processing and fractionation capacity in the entire Utica Shale. Here’s today’s announcement about their deal with Rex: