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MarkWest Energy Partners, L.P. Message Board

  • moneyonomics moneyonomics May 9, 2014 12:01 AM Flag

    Fute of MWE and dry gas in Utica from todays cc

    Louis Shamie . The one question I had was regarding the dry gas window in Utica. And it seems like there's been a lot of producer attention shifting to their end, it seems like from what limited data's out there that there's some monster wells there. What's MarkWest strategy for approaching that? And how much of your budget or description in -- for '14 and '15, kind of is allocated or budgeted for addressing that? Randy S. Nickerson Louis, you're right. The performance of some of the dry gas wells in the Utica have been really stellar and have -- and that dry gas window, although not nearly as big, say, as perhaps the Marcellus window, it has potential to produce an enormous amount of gas over there. Fortunately, a lot of the -- both the producers, as well as the area, sort of fit really good with what we're doing. We have lots of operations, obviously, just over the River in West Virginia side, we have lots of operations over in the rich gas side. And so this dry gas window really fits well in our overall footprint. And so, suffice to say, certainly that we've been in discussions with the vast majority of those producers about projects and still working on those projects. And they may have some, certainly impact on the '14, '15 capital but they're largely baked in to those assumptions the impact that dry gas might have. Frank on capital, I'll turn that back over to you to sort of talk about the capital forecast more. Frank M. Semple Yes. Absolutely. I think that's a great lead-in to the point I made earlier in my prepared comments. And that we had so many opportunities in the Marcellus and the Utica and dry gas in the Utica is a great example of where we need to carefully evaluate those opportunities and match capital to the opportunities. It's great to have partners like we have in the Utica, with EMG and with Summit. And so, that allows us together look at those opportunities and not only optimize the capital but also evaluate what each partner brings

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MWE
72.79-0.66(-0.90%)Nov 25 4:05 PMEST

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