DENVER--(BUSINESS WIRE)--Nov. 8, 2013--
MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest or the
Partnership”) announced today an operational update regarding the
development of midstream infrastructure projects in the heart of the
rich-gas areas of the Marcellus and Utica Shales. MarkWest continues to
expand its leading midstream presence throughout the Northeast and
currently has 21 major processing and fractionation projects under
construction. These projects are occurring at eight large-scale
complexes in Ohio, Pennsylvania, and West Virginia and are expected to
increase the Partnership’s total processing capacity to over 4 billion
cubic feet (Bcf/d) and total fractionation capacity to nearly 300,000
barrels per day (Bbl/d) by the end of 2014.
In the Marcellus, MarkWest has commenced operations of Majorsville V, a
200 million cubic feet per day (MMcf/d) plant at the Majorsville complex
in Marshall County, West Virginia. The new plant supports growing
rich-gas production from Chesapeake Energy Corporation (NYSE: CHK), and
Statoil ASA (NYSE: STO) and increases the total processing capacity at
the complex to 670 MMcf/d. The Partnership expects to complete an
additional 200 MMcf/d plant during the first quarter of 2014 and will
bring online a sixth plant in early 2016. Upon completion of these
facilities, the Majorsville complex will have over 1 Bcf/d of capacity.
Over the next month, MarkWest will also bring online its second large
scale de-ethanizer in the Marcellus Shale at the Majorsville complex.
The new facility will double the Partnership’s purity ethane
fractionation capacity to 78,000 Bbl/d in the Marcellus Shale and
provide producer customers’ with the ability to meet residue gas quality
specifications and downstream ethane pipeline commitments. Ethane
produced at the new Majorsville fractionation facility will initially be
delivered into the Mariner West pipeline and, in the future, to the ATEX
and Mariner East pipeline projects.
In the Utica Shale, MarkWest Utica EMG, L.L.C. (“MarkWest Utica EMG”), a
joint venture between MarkWest and The Energy and Minerals Group (EMG),
has commenced operations of its first cryogenic processing plant at the
Seneca complex in Noble County, Ohio. The 200 MMcf/d Seneca I plant will
be followed by a second 200 MMcf/d plant by the end of this year, and a
third 200 MMcf/d plant by the second quarter of 2014. The Seneca complex
is MarkWest Utica EMG’s second major processing complex in the core area
of the rich-gas Utica Shale. By the end of 2014, total processing
capacity in Ohio will reach almost 1 billion cubic feet per day.
The Seneca complex is supported by long-term, fee-based contracts with
several key producers. Antero Resources Corporation (NYSE: AR) will
anchor the complex and the facilities will also play a key role in the
rich-gas development of Gulfport Energy Corporation (NASDAQ: GPOR), Rex
Energy Corporation (NASDAQ: REXX), PDC Energy Inc. (NASDAQ: PDCE),
CONSOL Energy Inc. (NYSE: CNX), and others. The Seneca complex is
connected to MarkWest Utica EMG’s Cadiz complex in Harrison County, Ohio
by a high-pressure rich-gas header system. By connecting these
large-scale processing facilities, MarkWest Utica EMG provides producer
customers with unparalleled flexibility and reliability and the largest
integrated cryogenic gas processing infrastructure in the Utica Shale.
“The completion of our first Seneca plant is a key milestone in the
rapid development of MarkWest Utica EMG’s leading full-service midstream
infrastructure in the emerging Utica Shale. We are also very excited to
continue expanding our Majorsville complex,” stated Frank Semple,
Chairman, President, and Chief Executive Officer. “We continue to
provide producer customers operating in the Northeast shales with
fully-integrated midstream solutions that will further accelerate the
development of their prolific rich-gas acreage.”
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.
The Energy & Minerals Group is the management company for a series of
specialized private equity funds. EMG focuses on investing across
various facets of the global natural resource industry including the
upstream and midstream segments of the energy complex. EMG has
approximately $6.7 billion of total investor commitments (including
co-investments) with in excess of $4.2 billion allocated across the
energy sector since inception.
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