MarkWest 2012: Profits Up Slightly, Processing Volumes Up a Lot
On Wednesday, MarkWest Energy Partners, the largest midstream (pipeline/processing plant) company in the Marcellus and now in the Utica Shale, released an update for 2012 along with comments about where they are headed in 2013. A few highlights: MarkWest made $528 million in profit for 2012, up slightly from the $515 million they made in 2011. Overall processing volumes went up by 23% in 2012. Processing volumes at their Liberty (Marcellus) operation were up an eye-popping 86% in 4Q12 over 4Q11. They now have their eye on the Utica Shale in multiple joint ventures including a deal with EMG to build two new processing facilities in the Utica.
Select portions of the MarkWest update relevant to the Marcellus and Utica: