2015 News Releases

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12/21/15Donald C. Templin Named MPLX President
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12/18/15MPLX and MarkWest Announce Final Results of Note Exchange Offers and Consent Solicitations
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12/04/15MPLX and MarkWest announce successful completion of combination and director and executive appointments
FINDLAY, Ohio, Dec. 4, 2015 - MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. today announced the completion of the previously announced merger by which MarkWest became a wholly owned subsidiary of MPLX.As of this morning, MarkWest ceased to be a publicly traded partnership and its common units discontinued trading on the New York Stock Exchange. Also effective with the closing are the following director and executive appointments:Frank M. Semple has been named vice chairman of the gener... 
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12/04/15MPLX LP and MarkWest Energy Partners, L.P. Announce Successful Early Note Exchange Tender Period
FINDLAY, Ohio, and DENVER, Dec. 4, 2015 - MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) today announced that, in connection with the previously announced offers to exchange (the "Exchange Offers") any and all of the $4.1 billion in aggregate principal amount of outstanding senior notes issued by MarkWest and MarkWest Energy Finance Corporation (the "Existing MarkWest Notes") for (1) new senior notes issued by MPLX (the "New MPLX Notes") and (2) cash, and rel... 
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12/01/15MarkWest Unitholders Approve Combination with MPLX
Transaction expected to close Dec. 4, 2015 FINDLAY, Ohio & DENVER--(BUSINESS WIRE)--Dec. 1, 2015-- At a special meeting held today, unitholders of MarkWest Energy Partners, L.P. (NYSE: MWE) approved a strategic combination with MPLX LP (NYSE: MPLX) by voting to approve the merger agreement dated July 11, 2015, as amended. Based on the voting results, approximately 80 percent of the units voted at the special meeting were in favor of the merger ... 
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11/20/15Proxy Advisory Firms Glass Lewis and Egan-Jones Recommend that MarkWest Unitholders Vote “For” the Combination of MarkWest and MPLX
Unitholders Encouraged to Vote Now, Ahead of December 1, 2015 Meeting DENVER--(BUSINESS WIRE)--Nov. 20, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today that Glass Lewis & Co., LLC (“Glass Lewis”), and Egan-Jones Proxy Services (“Egan-Jones”), two independent proxy advisory firms, have issued reports recommending that MarkWest unitholders vote “FOR” the combination of MarkWest and MPLX (NYSE: MPLX). The recommendations of ... 
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11/19/15MPLX LP Commences Exchange Offers and MarkWest Energy Partners, L.P. Commences Consent Solicitations
FINDLAY, Ohio, and DENVER, Nov. 19, 2015 - MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) today announced that, in connection with the anticipated combination of MPLX and MarkWest, MPLX has commenced offers to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by MarkWest and MarkWest Energy Finance Corporation as set forth in the table below (the "Existing MarkWest Notes") for (1) up to $4,100,000,000 ... 
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11/18/15Leading Proxy Advisory Firm ISS Recommends That MarkWest Unitholders Vote “For” the Combination of MPLX and MarkWest
DENVER--(BUSINESS WIRE)--Nov. 18, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, has issued a report recommending that MarkWest unitholders vote FOR the combination of MPLX (NYSE: MPLX) and MarkWest. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151118005996/en/ ... 
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11/17/15MPLX/MarkWest Combination Receives Further Cash Consideration from Marathon Petroleum Corp.
Marathon Petroleum Corporation increases one-time cash payment to $6.20 per unit on a best and final basis Total cash consideration of approximately $1.28 billion provides substantially enhanced value to MarkWest unitholders Three of MarkWest’s top unitholders, representing more than 15 percent of voting units, have agreed to vote in favor of the transaction MarkWest’s board and executi... 
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11/10/15Marathon Petroleum Corp. Increases Cash Consideration for MPLX/MarkWest Merger
One-time cash payment from MPC raised to $1.075 billion from $675 million Total cash consideration of ~$5.21 per unit substantially enhances value to MarkWest unitholders MarkWest board and executive management affirm their support for the transaction and its revised terms Supplemental proxy cards being mailed to unitholders Special unitholder meeting scheduled for Dec. ... 
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11/04/15MarkWest Energy Partners Reports Third Quarter 2015 Financial Results
Reported DCF of $176.0 million and Adjusted EBITDA of $230.3 million for the third quarter 2015 Increased quarterly distribution to 93 cents per common unit with a 96 percent distribution coverage Received the first place ranking for Total Customer Satisfaction and five other categories in EnergyPoint Research’s 2015 Oil & Gas Midstream Services Customer Satisfaction Survey Reported... 
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10/30/15MarkWest Energy Partners Announces Filing of Definitive Proxy Statement
Special Meeting of Unitholders to be Held on December 1, 2015 DENVER--(BUSINESS WIRE)--Oct. 30, 2015-- MarkWest Energy Partners, L.P. (the “Partnership”) (NYSE: MWE) today announced that it has filed a definitive proxy statement and prospectus with the U.S. Securities and Exchange Commission regarding the pending merger pursuant to which the Partnership would become a wholly owned subsidiary of MPLX LP (“MPLX”) (NYSE: MPLX). A special meeting of the ... 
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10/22/15MarkWest Energy Partners Increases Quarterly Cash Distribution
DENVER--(BUSINESS WIRE)--Oct. 22, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.93 per common unit for the third quarter of 2015, for an implied annual rate of $3.72 per common unit. The third quarter 2015 distribution represents an increase of $0.04 per common unit, or 4.5 percent, compared to the third quarter ... 
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10/15/15MarkWest Energy Partners Announces Release Date for Third Quarter 2015 Financial Results
DENVER--(BUSINESS WIRE)--Oct. 15, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) will announce third quarter 2015 financial results before market open on Wednesday, November 4, 2015, and will host a conference call to discuss the results at 12:00 p.m. ET on the same day. The conference call can be accessed by dialing (800) 475-0218 (passcode “MarkWest”) or via webcast by accessing the “Presentations & Webcasts” link located under th... 
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08/12/15MarkWest Energy Partners and The Energy & Minerals Group Announce Strategic Expansion of Dry Gas Gathering Capabilities in Utica Shale to Support Ascent Resources and Other Producers
DENVER--(BUSINESS WIRE)--Aug. 12, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest” and “the Partnership”) and The Energy & Minerals Group (“EMG”) today announced the development of a new, large-scale dry gas gathering system to strategically expand the parties’ leading midstream position in the Utica Shale. The extensive system will be underpinned by a long-term, fee-based contract with Ascent Resources – Utica, LLC, a subsidiary of ... 
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08/05/15MarkWest Energy Partners Reports Second Quarter 2015 Financial Results
Reported DCF of $165.9 million and Adjusted EBITDA of $218.9 million for the second quarter 2015 Increased quarterly distribution to 92 cents per common unit with a 94 percent distribution coverage Placed into service 1.0 Bcf/d of new processing capacity, with the addition of Majorsville VI, Houston IV, and Sherwood VI in the Marcellus; and Cadiz III and Seneca IV in the Utica Announced... 
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07/20/15MarkWest Energy Partners Increases Quarterly Cash Distribution
DENVER--(BUSINESS WIRE)--Jul. 20, 2015-- MarkWest Energy Partners, L.P. (NYSE:MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.92 per common unit for the second quarter of 2015, for an implied annual rate of $3.68 per common unit. The second quarter 2015 distribution represents an increase of $0.04 per common unit, or 4.5 percent, compared to the second quarter 2... 
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07/09/15MarkWest Energy Partners Announces Release Date for Second Quarter 2015 Financial Results
DENVER--(BUSINESS WIRE)--Jul. 9, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) will announce second quarter 2015 financial results before market open on Wednesday, August 5, 2015, and will host a conference call to discuss the results at 12:00 p.m. ET on the same day. The conference call can be accessed by dialing (800) 475-0218 (passcode “MarkWest”) or via webcast by accessing the “Presentations & Webcasts” link located under the Inve... 
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06/04/15MarkWest Energy Partners Announces Expiration and Final Results of Tender Offers for Its 6.75% Senior Notes due 2020, 6.5% Senior Notes due 2021 and 6.25% Senior Notes due 2022
DENVER--(BUSINESS WIRE)--Jun. 4, 2015-- MarkWest Energy Partners, L.P. (NYSE:MWE) announced today that its previously announced cash tender offers expired at 5:00 p.m. New York City time on June 3, 2015. At the expiration time, valid tenders had been received in the amounts set forth in the table below.       ... 
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06/02/15MarkWest Energy Partners Closes Public Offering of $1.2 Billion of 4.875% Senior Notes Due 2025
DENVER--(BUSINESS WIRE)--Jun. 2, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (the "Partnership") and its subsidiary MarkWest Energy Finance Corporation (together with the Partnership, the “Issuers”) announced today the closing of a public offering of $1,200,000,000 in aggregate principal amount of 4.875% senior unsecured notes due 2025 (the "2025 Notes"). The Partnership expects to receive net proceeds from the offering, after deduct... 
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06/02/15MarkWest Energy Partners Announces New Commercial Agreements to Provide Processing Services for Cimarex and Chevron in the Permian Basin
DENVER--(BUSINESS WIRE)--Jun. 2, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest”) announced today the completion of long-term, fee-based agreements to support producer development in the Delaware Basin of West Texas. Under terms of the agreements, MarkWest will install a 200 million cubic feet per day cryogenic gas processing plant (Hidalgo Complex) in Culberson County, Texas. The new facility is scheduled to commence operations during the ... 
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05/28/15MarkWest Energy Partners Announces Pricing of an Offering of $1.2 Billion of 4.875% Senior Notes Due 2025
DENVER--(BUSINESS WIRE)--May 28, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (the "Partnership") and its subsidiary MarkWest Energy Finance Corporation (together with the Partnership, the “Issuers”) announced today that they have priced at 99.026% of par an offering of $1,200,000,000 in aggregate principal amount of 4.875% senior unsecured notes due 2025 (the "2025 Notes"). The offering of the 2025 Notes is expected to settle on June 2, 2015, ... 
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05/28/15MarkWest Energy Partners Announces Tender Offers for Its 6.75% Senior Notes due 2020, 6.5% Senior Notes due 2021 and 6.25% Senior Notes due 2022
DENVER--(BUSINESS WIRE)--May 28, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) announced today that it has commenced three concurrent cash tender offers (the “offers”) to purchase any and all of the senior notes listed in the following table at the cash purchase prices shown in the column titled “Consideration per $1,000 of Notes.”       ... 
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05/28/15MarkWest Energy Partners Announces Public Offering of $1.2 Billion of Senior Notes Due 2025
DENVER--(BUSINESS WIRE)--May 28, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (together with the Partnership, the “Issuers”) announced today that, subject to market conditions, they intend to commence a public offering (the “offering”) of $1,200,000,000 in aggregate principal amount of senior unsecured notes due 2025 (the “2025 Notes”). The Partnership intends ... 
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05/20/15MarkWest Energy Partners to Present at the National Association of Publicly Traded Partnerships 2015 MLP Investor Conference
DENVER--(BUSINESS WIRE)--May 20, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (“the Partnership”) announced today that Frank Semple, Chairman, President and Chief Executive Officer, will present at the National Association of Publicly Traded Partnerships (NAPTP) 2015 Master Limited Partnership (MLP) Investor Conference at 1:15 p.m. Eastern Time on Thursday, May 21, 2015, at the Hyatt Regency in Orlando, Florida. Interested parties can... 
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05/18/15MarkWest Energy Partners Announces the Appointment of J. Mike Stice to Board of Directors
DENVER--(BUSINESS WIRE)--May 18, 2015-- MarkWest Energy Partners, L.P. (NYSE:MWE) (“MarkWest”) today announced that J. Mike Stice has been appointed to serve as a member of the Board of Directors of MarkWest’s General Partner, MarkWest Energy GP, LLC. Mr. Stice will stand for election at MarkWest’s 2016 Annual Meeting of Common Unitholders. Mr. Stice’s professional career consists of extensive energy and executive leadership experience. Most recently, he... 
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05/08/15MarkWest Energy Partners Announces 2015 Annual Meeting of Common Unitholders and Investor Conference
DENVER--(BUSINESS WIRE)--May 8, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest” and “the Partnership”) announced today that its 2015 Annual Meeting of Common Unitholders will be held on Wednesday, June 3, 2015, at 2:00 p.m. Mountain Time at the Partnership’s corporate headquarters, located at 1515 Arapahoe Street, Tower 1, Suite 1600, Denver, Colorado, 80202. The record date for determination of unitholders entitled to vote at the ... 
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05/06/15MarkWest Energy Partners Reports First Quarter Financial Results
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05/02/15MarkWest Energy Partners Announces the Retirement in 2016 of Randy Nickerson, Chief Commercial Officer, and Other Senior Management Organizational Changes
DENVER--(BUSINESS WIRE)--May 2, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) today announced that Randy S. Nickerson, Executive Vice President and Chief Commercial Officer, will be retiring in early 2016. Mr. Nickerson joined MarkWest in 1996 and has held a number of executive leadership positions, including for the past nine years the role of Chief Commercial Officer. Mr. Nickerson’s decision to retire will bring to close a remarkable career of nea... 
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04/22/15MarkWest Energy Partners Increases Quarterly Cash Distribution
DENVER--(BUSINESS WIRE)--Apr. 22, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.91 per common unit for the first quarter of 2015, for an implied annual rate of $3.64 per common unit. The first quarter 2015 distribution represents an increase of $0.04 per common unit, or 4.6 percent, compared to the first quarter ... 
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04/13/15MarkWest Energy Partners Announces Release Date for First Quarter 2015 Financial Results
DENVER--(BUSINESS WIRE)--Apr. 13, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) will announce first quarter 2015 financial results before market open on Wednesday, May 6, 2015, and will host a conference call to discuss the results at 12:00 p.m. ET on the same day. The conference call can be accessed by dialing (800) 475-0218 (passcode “MarkWest”) or via webcast by accessing the “Presentations & Webcasts” link located under the Inv... 
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03/03/15MarkWest Energy Partners Closes Public Offering of Additional $650 Million of 4.875% Senior Notes Due 2024
DENVER--(BUSINESS WIRE)--Mar. 3, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (“Finance Corp.”) announced today the closing of a public offering of an additional $650 million of 4.875% senior unsecured notes due 2024 (the “Additional Notes”). The Partnership expects to receive net proceeds from the Additional Notes offering, after deducting underwriting discoun... 
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02/26/15MarkWest Energy Partners Announces Pricing of an Upsized Public Offering of Additional $650 Million of 4.875% Senior Notes Due 2024
DENVER--(BUSINESS WIRE)--Feb. 26, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (“Finance Corp.”) announced today that they have priced an upsized public offering of an additional $650 million of their outstanding 4.875% senior unsecured notes due 2024 (the “Additional Notes”). The Additional Notes will be issued at 101.625% of par plus accrued and unpaid interest from Novembe... 
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02/26/15MarkWest Energy Partners Announces Public Offering of Additional $500 Million of 4.875% Senior Notes Due 2024
DENVER--(BUSINESS WIRE)--Feb. 26, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (“Finance Corp.”) announced today that, subject to market conditions, they intend to commence a public offering of an additional $500 million of 4.875% senior unsecured notes due 2024 (the “Additional Notes”). The Partnership intends to use a portion of the net proceeds from the Addi... 
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02/25/15MarkWest Energy Partners Reports Record 2014 Fourth Quarter and Full-Year Financial Results
Reported record DCF of $201.0 million for the fourth quarter and $706.4 million for the full-year 2014, and record Adjusted EBITDA of $243.0 million for the fourth quarter and $874.3 million for the full-year 2014. Full-year 2014 DCF and Adjusted EBITDA increased by approximately 46 and 44 percent, respectively from the full-year 2013 Increased quarterly distribution to 90 cents per common unit while maintaining 120 percent di... 
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02/24/15Enterprise, Anadarko, DCP Midstream and MarkWest Form Joint Venture for Panola NGL Pipeline in Texas
HOUSTON--(BUSINESS WIRE)--Feb. 24, 2015-- Enterprise Products Partners L.P. (NYSE:EPD), Anadarko Petroleum Corporation (NYSE:APC), DCP Midstream Partners, LP (NYSE:DPM) and MarkWest Energy Partners, L.P. (NYSE:MWE) today announced the formation of a joint venture under which Enterprise will assign 45 percent ownership interest in its wholly owned Panola Pipeline Company, LLC. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset ... 
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02/18/15MarkWest Energy Partners Announces 2014 Schedule K-1 Availability
DENVER--(BUSINESS WIRE)--Feb. 18, 2015-- MarkWest Energy Partners, L.P. (NYSE:MWE) (MarkWest) announced today that its 2014 tax package, which includes the Schedule K-1 (Form 1065), will be available online on February 26, 2015 and may be accessed via MarkWest’s website at www.markwest.com under “Investor Relations/K-1 (Tax) Info”. MarkWest will commence mailing the tax package on the same day. For additional information, unitholders may c... 
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01/21/15MarkWest Energy Partners Increases Quarterly Cash Distribution
DENVER--(BUSINESS WIRE)--Jan. 21, 2015-- MarkWest Energy Partners, L.P. (NYSE:MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.90 per common unit for the fourth quarter of 2014, for an implied annual rate of $3.60 per common unit. The fourth quarter 2014 distribution represents an increase of $0.04 per common unit, or 4.7 percent, compared to the fourth quarter 2... 
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01/16/15MarkWest Energy Partners Announces Release Date for Fourth Quarter 2014 Financial Results
DENVER--(BUSINESS WIRE)--Jan. 16, 2015-- MarkWest Energy Partners, L.P. (NYSE: MWE) will announce fourth quarter 2014 financial results before market open on Wednesday, February 25, 2015, and will host a conference call to discuss the results at 12:00 p.m. ET on the same day. The conference call can be accessed by dialing 800-475-0218 (passcode “MarkWest”) or via webcast by accessing the “Presentations & Webcasts” link located under th... 
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