MarkWest Energy 1Q14: Earnings Up 33%, Focus on Marcellus/Utica
MarkWest Energy released their first quarter 2014 update yesterday. As MDN pointed out just yesterday, MarkWest currently has 17 major pipeline and processing plant projects under way in the Marcellus and Utica, of the 17 they intend to complete 11 of them by the end of this year (see MarkWest Announces 2 Processing Plant Expansions in WV, 400 Mmcf/d). From yesterday’s update we learn that earnings were up 33% over the same quarter last year. Although MarkWest operates in other areas of the country, yesterday’s update makes it obvious that most of their assets–and focus–are on the Marcellus and Utica Shale region.
Here’s yesterday’s update with a rundown of what’s happening with their projects in the Marcellus and Utica: