DENVER--(BUSINESS WIRE)--Sep. 27, 2013--
MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) today provided
information regarding an August 2013 landslide which impacted a MarkWest
natural gas liquids (NGLs) pipeline in a remote area of northern Wetzel
County, West Virginia, causing a line break. The landslide originated
from significant erosion and run-off from heavy rainfall. MarkWest shut
down the pipeline and immediately commenced repairs and remediation of
the impacted portions of the pipeline. Repairs and remediation to the
pipeline and rights of way in the landslide impacted areas are currently
underway, and MarkWest is diligently working to complete the remedial
work and return the pipeline to service. The pipeline and the Mobley
processing facilities will remain shut down until the pipeline remedial
work is completed, which is expected to be approximately mid-October.
The Sherwood processing facility continues to operate at curtailed
levels and NGLs from that facility are being transported by truck for
fractionation and sale. No other MarkWest facility has been impacted.
MarkWest does not expect the shutdown of these facilities to have a
material impact on its financial results.
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