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MarkWest Energy Partners, L.P. Message Board

  • buyandwin buyandwin Aug 5, 2013 1:40 PM Flag

    Reminder For Those That Forgot

    The August 14th quarterly payment will include distributions paid on the first 4M units from the MWE buyout of Energy and Minerals Marcelus joint venture bought on December 31, 2011
    Thats a payment of $3,360,000 at the current $0.84 distribution rate. A similar 4 M per year amount will start receiving distributions over the next 4 years


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    • MWE and the Energy Materials Group really scored a wonderful "Win-Win" here...having the backing of EMG permitted MWE to lock in the "First mover advantage" in the Marcellus in a very big way and to score in what is turning out to be the "Sweet Spot" in the Utica,too. You have to believe that Sherwood alone with 4x200 mcuft/d cryo plants contracted to a single customer,Antero, is worth what MWE paid EMG. That Antero along with Gulfport Energy has the bulk of Seneca action is kind of neat,too. A year from now MWE's cash flow will be really big enough from depreciation alone to pay a lot of DCF.....

      • 1 Reply to ake05bono
      • Akebono:

        Now, more than ever--Patience is required. As we go forward the total picture gets larger and larger. With Range Resouses saying that the infrastructure will grow for 45 years--We are getting confirmation of what Pennsylvania Gov ED Rendell said a few years ago when he said it would take 50 years to build out the Marcellus infrastructure. I truly believe that even Mr Semple and the rest of the MWE management team have difficulty envisioning what this could grow into in the next 45 years. Mr Semple says they use a rolling 5 year growth scenario going forward. Planning for the future is becoming more and more of a priority for those of us that understand what can be achieved here if we intend to participate.
        Good luck to us all

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