MarkWest Grows Marcellus/Utica Gathered Volume 46% in 2Q18

MarkWest Energy, now part of Marathon Petroleum, is the premier midstream company in Ohio and West Virginia. Yesterday MarkWest issued its second quarter 2018 update. MarkWest reported record income of $453 million compared with $190 million in the second quarter of 2017. Put another way, MarkWest made close to half a billion dollars in profit! What about MarkWest's operations in the Marcellus/Utica region? There was "solid growth" during the quarter. Gathered volumes averaged 2.8 billion cubic feet per day (Bcf/d) for the quarter, a 46% increase versus 2Q17. The increase came mostly from higher Utica dry-gas volumes. Processed volumes averaged 5.2 Bcf/d, a 10% increase versus 2Q17 due in large part to bringing online the Sherwood 9 and Houston 1 plants...

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