Marathon Utica Wet Gas Pipeline Extends Open Season Extra 30 Days
In December 2013 Marathon Petroleum, Ohio's largest refiner, announced they would build a new Utica Shale pipeline, called Cornerstone (see Marathon Petroleum’s Newly Announced “Cornerstone” Utica Pipeline). Cornerstone will stretch nearly 50 miles from the MarkWest cryogenic processing plant in Cadiz, OH, heading northwest and connecting to M3's fractionator plant in Scio and M3's cryogenic processing plant in Leesville on its way to connecting with and terminating at Marathon's refinery in Canton, OH. The pipeline will flow crude oil, condensate and natural gasoline. In February, Marathon launched an open season to sign up shippers for the new pipeline (see Marathon Announces Open Season on New Wet Gas Pipelines). The open season was due to end on March 13, but Marathon has extended it an extra month--a sign that there may not be as much interest as originally thought for this project (although Marathon says the extra time allows them to handle "significant interest" in the project)...
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