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
second quarter of 2016.
“We are very excited to announce this strategic commercial relationship
with Cimarex and Chevron to support their development of the highly
prospective Delaware Basin,” commented Frank Semple, Chairman,
President, and Chief Executive Officer of MarkWest. “MarkWest has
provided midstream services for Chevron in east Texas for more than a
decade and we are privileged to have the opportunity to serve them, as
well as our new customer and operator of the joint development, Cimarex
MarkWest Energy Partners, L.P. is a master limited partnership that
owns and operates midstream service businesses. We have a leading
presence in many natural gas resource 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,
2014. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150602006925/en/
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