DENVER--(BUSINESS WIRE)--Mar. 19, 2012--
MarkWest Energy Partners, L.P. (NYSE: MWE) today announced the execution
of long-term gathering and processing agreements with Anadarko Petroleum
Corporation (NYSE: APC) that will support the recently announced 120
million cubic feet per day (MMcf/d) expansion of the Partnership’s
cryogenic processing capacity in East Texas. MarkWest will provide
gathering and processing services to support Anadarko’s liquids-rich
development program within Panola County, Texas.
To provide critical midstream services to Anadarko and other producer
customers that are expanding their drilling programs in East Texas,
including Chevron, PetroQuest Energy, and Samson Lone Star, LLC,
MarkWest is constructing the Carthage East plant, with cryogenic
processing capacity of 120 MMcf/d, increasing total processing capacity
in East Texas to 400 MMcf/d. In addition, Carthage East will expand the
Partnership’s gathering capacity in East Texas by 140 MMcf/d and residue
gas outlet capacities by 60 MMcf/d.
“We are very pleased to announce agreements with Anadarko, Chevron,
PetroQuest, and Samson to support the expansion of our East Texas
assets,” said Frank Semple, Chairman, President and Chief Executive
Officer. “Providing best-of-class, fully integrated natural gas
midstream services is essential to the success of our producer
customers, and we are excited to continue to play a role in our
customers’ ongoing success in East Texas.”
MarkWest Energy Partners, L.P. is a master limited partnership
engaged in the gathering, transportation, and processing of natural gas;
the transportation, fractionation, marketing, and storage of natural gas
liquids; and the gathering and transportation of crude oil. MarkWest has
extensive natural gas gathering, processing, and transmission operations
in the southwest, Gulf Coast, and northeast regions of the United
States, including the Marcellus Shale, and is the largest natural gas
processor and fractionator in the Appalachian region.
This press release includes “forward-looking statements.” All
statements other than statements of historical facts included or
incorporated herein may constitute forward-looking statements. Actual
results could vary significantly from those expressed or implied in such
statements and are subject to a number of risks and uncertainties.
Although MarkWest believes that the expectations reflected in the
forward-looking statements are reasonable, MarkWest can give no
assurance that such expectations will prove to be correct. The
forward-looking statements involve risks and uncertainties that affect
operations, financial performance, and other factors as discussed in
filings with the Securities and Exchange Commission. Among the
factors that could cause results to differ materially are those risks
discussed in the periodic reports filed with the SEC, including
MarkWest’s Annual Report on Form 10-K for the year ended December 31,
2011. You are urged to carefully review and consider the cautionary
statements and other disclosures made in those filings, specifically
those under the heading “Risk Factors.” MarkWest does not
undertake any duty to update any forward-looking statement except as
required by law.
Source: MarkWest Energy Partners, L.P.
MarkWest Energy Partners, L.P.
Frank Semple, 866-858-0482
President & CEO
Nancy Buese, 866-858-0482
VP and CFO
Dan Campbell, 866-858-0482
VP of Finance &