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MarkWest Energy Partners, L.P. Message Board

  • buyandwin buyandwin Mar 23, 2013 11:57 AM Flag

    Agreement with PDC Energy

    MWE's huge investment to continue growth requires even more customers that control more acreage and
    also have a growth mentality in their genes. Here is the latest agreement MWE has made in the Utica.----
    .....MarkWest Utica EMG Announces Definitive Agreements with PDC Energy and Provides Update to Utica Development Plans
    Press Release: MarkWest Energy Partners, L.P. – Mon, Mar 18, 2013 7:22 PM EDT....Email0
    Share0Print.....RELATED QUOTES..Symbol Price Change
    MWE 61.07 +0.68

    ......
    DENVER--(BUSINESS WIRE)--
    MarkWest Utica EMG, L.L.C. (MarkWest Utica EMG), a joint venture between MarkWest Energy Partners, L.P. (MWE) (MarkWest) and The Energy and Minerals Group (EMG), today announced definitive agreements with PDC Energy, Inc. (PDCE) (PDC) to provide gathering, processing, fractionation, and marketing services in the Utica Shale.
    MarkWest Utica EMG expects to begin gathering and processing PDC’s liquids-rich gas production from Guernsey County, Ohio by the end of the second quarter of 2013. Initial production from PDC’s Utica operations will be processed at the Cadiz complex located in Harrison County, Ohio. In the second half of 2013, PDC’s gas will be transported via MarkWest Utica EMG’s high-pressure rich-gas header system to the Seneca complex located in Noble County, Ohio for processing. In addition to developing high-quality gathering and processing infrastructure on behalf of PDC, during the first quarter of 2014 MarkWest Utica EMG and MarkWest are expected to complete the installation of 100,000 barrels per day of C2+ fractionation capacity in Harrison County, Ohio that will include extensive marketing access by truck, rail, and pipeline. When completed, MarkWest Utica EMG and MarkWest will have the largest processing and fractionation capacity in the Utica Shale. The fractionation facility will also be connected by an NGL pipeline to MarkWest’s extensive NGL infrastructure in the Marcellus Shale and to its Houston, Pennsylvania complex,
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MWE
78.10+0.37(+0.48%)2:58 PMEDT

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