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MarkWest Inks Major New Deals with Chesapeake & Antero

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 agreements, which include processing natural gas liquids, mean MarkWest will build new gathering pipelines and add compressor stations to their existing operations.

From the MarkWest press release:

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Antero Sells WV Midstream Operation to Crestwood for $375M

Antero Resources announced yesterday that they have sold their Marcellus Shale midstream gathering system in Harrison and Doddridge counties, WV to Crestwood Holdings for $375 million with a sweetener of an extra $40 million if certain production targets are met in 2012 and 2013.

From the Crestwood/Antero press release:

Read More “Antero Sells WV Midstream Operation to Crestwood for $375M”

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Baker Hughes Expands in WV, Sets Sights on the Marcellus

Baker Hughes, one of the world’s largest oilfield and shale gas service companies, is building a new $40 million facility in Harrison County, West Virginia, and along with it, generating 275 new jobs. According to Baker Hughes president Paul Butero, the company plans to become a “major player” in the Marcellus Shale.

Read More “Baker Hughes Expands in WV, Sets Sights on the Marcellus”

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Union Protests Dominion Transmission in WV Over Lack of Local Workers in Building Pipelines

A local union in West Virginia is set to protest natural gas transmission facilities owned by Dominion over the issue of jobs and out-of-state workers being brought in to build new pipelines in the Wetzel County.

Read More “Union Protests Dominion Transmission in WV Over Lack of Local Workers in Building Pipelines”

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New Marcellus Shale Pipeline Coming to Southwestern PA, Northern WV

Momentum, a company that focuses on “midstream” oil and gas assets, has signed on Chesapeake Energy and Statoil as customers for a new Marcellus Shale natural gas pipeline they are constructing in northern WV and southwestern PA.

From the press release:

Read More “New Marcellus Shale Pipeline Coming to Southwestern PA, Northern WV”