DENVER--(BUSINESS WIRE)--Nov. 7, 2013--
MarkWest Energy Partners, L.P. (NYSE: MWE)
and MarkWest Liberty Ethane Pipeline, L.L.C. (“MarkWest Liberty”),
collectively “MarkWest,” will hold a binding open season for the
previously announced Liberty Ethane Pipeline. The open season will
commence at 8:00 a.m. Mountain Time on November 8, 2013 and will end at
5:00 p.m. Mountain Time on December 9, 2013. This pipeline is part of
MarkWest’s comprehensive ethane solution in the Northeast, which will
include purity ethane transportation infrastructure and de-ethanization
facilities located in Pennsylvania, West Virginia, and Ohio.
Subject to the outcome of the binding open season and all of the
necessary regulatory authorizations, the Liberty Ethane Pipeline will
transport purity ethane from Majorsville, Pennsylvania, to Houston,
Pennsylvania. From there, shippers will have direct access to multiple,
major ethane takeaway projects including Mariner West, Mariner East, and
ATEX. The Liberty Ethane Pipeline is expected to become operational in
the fourth quarter of 2013.
The binding open season will allow interested parties to make volume
commitments and execute long-term transportation contracts with MarkWest
Liberty for transportation on the Liberty Ethane Pipeline. Shippers
electing to make long-term volume commitments to MarkWest Liberty will
be eligible to receive priority transportation service at a premium
transportation rate for their committed volumes.
The Liberty Ethane Pipeline will provide transportation of purity ethane
to ethane markets in North America and internationally. MarkWest is the
first midstream operator in the Northeast to offer its producer
customers the ability to recover and produce purity ethane and provide
access to all announced large-scale ethane pipeline projects. Ethane
produced in the Northeast has the potential to become a key driver for
the future expansion of the global petrochemical industry.
Parties interested in participating in the open season and shipping on
the Liberty Ethane Pipeline should contact Joshua Hallenbeck, VP of
Finance and Treasurer at (866) 858-0482 or email@example.com.
Information on the Liberty Ethane Pipeline and the binding open season
can also be found on MarkWest’s website at: http://www.markwest.com/operations/ferc-pipelines/liberty-ethane-pipeline.
MarkWest Energy Partners, L.P. is a master limited partnership engaged
in the gathering, processing and transportation of natural gas; the
gathering, transportation, fractionation, storage and marketing of
natural gas liquids; and the gathering and transportation of crude oil.
MarkWest has a leading presence in many unconventional gas plays
including the Marcellus Shale, Utica Shale, Huron/Berea Shale,
Haynesville Shale, Woodford Shale and Granite Wash formation.
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 (SEC). 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, 2012 and our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2013. 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 & CFO
Josh Hallenbeck, 866-858-0482
Finance & Treasurer