Crestwood Midstream 3Q14: Continued Expansion in the Marcellus

Yesterday Crestwood Midstream Partners, a midstream company with a large operation in the Marcellus Shale, released their third quarter update and financial numbers. They also held an analyst call. From the two, we learn that Crestwood is near completion of extra compression for its MARC I North-South pipeline which will add an extra 200 million cubic feet per day of capacity. We also learn that the company has connected 49 new Antero Resources wells in West Virginia to their gathering network during the first nine months of this year. Crestwood CEO Bob Phillips said, on the analyst call, that in 2015 Crestwood will have access to 3.3 billion cubic feet per day of Marcellus dry gas production. He predicts Crestwood will become the “intermediate gatherer of choice” in 2015…

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