Pipeline giant MarkWest has just gobbled up another, albeit much smaller, competitor. MarkWest announced yesterday it is purchasing Keystone Midstream for $512 million. Keystone is owned by Stonehenge Energy Resources and Rex Energy with operations primarily in Butler County, PA. As part of the deal, MarkWest will gain contracts and a partnership with Rex Energy [...]
MarkWest has been in the news a lot lately, signing a raft of new agreements and even buying out a competitor. Last Friday, MarkWest announced they had signed an agreement (terms not disclosed) to expand MarkWest’s processing capacity in the Marcellus Shale to handle more Chesapeake production. The areas covered by the agreement include northern [...]
MarkWest announced today two major new agreements to provide expanded natural gas processing and pipeline capacity for Chesapeake Energy and Antero Resouces in the Marcellus Shale. The deal with Chesapeake covers Brooke, Ohio and Marshall counties in WV, and Washington County, PA. The deal with Antero covers Doddridge and Harrison counties in WV. The new [...]
A new natural gas processing plant to be built by MarkWest Energy was supposed to be built in Monroe County, Ohio, but the geography has now shifted west and the plant will be built in neighboring Noble County, Ohio instead.
One of the companies that has been sniffing around the concept of building an ethane cracker plant in the Marcellus/Utica region is Aither Chemicals. MDN wrote about Aither’s interest in building a cracker plant in West Virginia back in January (see this MDN story). Aither retained a Pittsburgh investment firm to help them secure funding [...]
A long-running dispute between MarkWest and Cecil Township (in PA) may soon be resolved. Last May, MDN reported that MarkWest wanted to build a Marcellus Shale gas compressor station in Cecil Township (Washington County). They filed an application for a “special exception” to allow them to build the plant but were denied by the zoning [...]
A joint venture between MarkWest Energy and The Energy and Minerals Group (EMG), called MarkWest Utica EMG, has just signed a deal with Gulfport Energy to build new gathering pipelines for Utica wells in Harrison, Guernsey and Belmont counties (Ohio). The deal also includes MarkWest Utica processing the gas produced by Gulfport, including natural gas [...]
Yesterday, Ohio Gov. John Kasich and others provided more details about MarkWest’s Tuesday announcement that they will build two new natural gas liquids (NGL) processing plants and a new fractionation plant in Ohio’s Utica Shale (see MDN’s story on the original announcement here).
MarkWest Energy Partners, a major midstream player in the Marcellus and Utica Shales, just announced major expansion plans that will add an additional 600 million cubic feet per day (mmcf/d) of natural gas processing capacity which includes natural gas liquids (NGLs). Most of the new capacity will come from expansion of its Majorsville, WV plant. [...]
MarkWest Energy announced yesterday it will pay $1 billion in cash and 19.95 million new Class B MarkWest units (worth an estimated $750 million to $850 million) to buy out joint venture partner Energy and Minerals Group’s (EMG) 49 percent interest in MarkWest Liberty Midstream. The Liberty Midstream joint venture was formed in May 2009 [...]
In yesterday’s Pittsburgh Business Times, reporter Anya Litvak does a good job of analyzing the prospects for various ethane pipelines that may (or may not) be constructed from the Marcellus region to other geographies in order to process the ethane into ethylene (a raw material used in making plastics). She keyed off the news that [...]
Pipeline company Magnum Hunter Resources has signed a deal with natural gas processor MarkWest Liberty to deliver and process “liquids-rich” Marcellus Shale gas from northwest West Virginia. As part of the deal, a Magnum Hunter subsidiary (Eureka Hunter) is selling an under-construction gas processing plant to MarkWest. What it all means is that Magnum Hunter [...]
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