This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MarkWest Energy Partners To Start Open Season For Previously Announced Liberty Ethane Pipeline

Stocks in this article: MWE

MarkWest Energy Partners, L.P. (NYSE: MWE) and MarkWest Liberty Ethane Pipeline, L.L.C. (“MarkWest Liberty”), collectively “MarkWest,” will hold a binding open season for the previously announced Liberty Ethane Pipeline. The open season will commence at 8:00 a.m. Mountain Time on November 8, 2013 and will end at 5:00 p.m. Mountain Time on December 9, 2013. This pipeline is part of MarkWest’s comprehensive ethane solution in the Northeast, which will include purity ethane transportation infrastructure and de-ethanization facilities located in Pennsylvania, West Virginia, and Ohio.

Subject to the outcome of the binding open season and all of the necessary regulatory authorizations, the Liberty Ethane Pipeline will transport purity ethane from Majorsville, Pennsylvania, to Houston, Pennsylvania. From there, shippers will have direct access to multiple, major ethane takeaway projects including Mariner West, Mariner East, and ATEX. The Liberty Ethane Pipeline is expected to become operational in the fourth quarter of 2013.

The binding open season will allow interested parties to make volume commitments and execute long-term transportation contracts with MarkWest Liberty for transportation on the Liberty Ethane Pipeline. Shippers electing to make long-term volume commitments to MarkWest Liberty will be eligible to receive priority transportation service at a premium transportation rate for their committed volumes.

The Liberty Ethane Pipeline will provide transportation of purity ethane to ethane markets in North America and internationally. MarkWest is the first midstream operator in the Northeast to offer its producer customers the ability to recover and produce purity ethane and provide access to all announced large-scale ethane pipeline projects. Ethane produced in the Northeast has the potential to become a key driver for the future expansion of the global petrochemical industry.

Parties interested in participating in the open season and shipping on the Liberty Ethane Pipeline should contact Joshua Hallenbeck, VP of Finance and Treasurer at (866) 858-0482 or investorrelations@markwest.com. Information on the Liberty Ethane Pipeline and the binding open season can also be found on MarkWest’s website at: http://www.markwest.com/operations/ferc-pipelines/liberty-ethane-pipeline.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs