The Seneca complex is supported by long-term, fee-based contracts with several key producers. Antero Resources Corporation (NYSE: AR) will anchor the complex and the facilities will also play a key role in the rich-gas development of Gulfport Energy Corporation (NASDAQ: GPOR), Rex Energy Corporation (NASDAQ: REXX), PDC Energy Inc. (NASDAQ: PDCE), CONSOL Energy Inc. (NYSE: CNX), and others. The Seneca complex is connected to MarkWest Utica EMG’s Cadiz complex in Harrison County, Ohio by a high-pressure rich-gas header system. By connecting these large-scale processing facilities, MarkWest Utica EMG provides producer customers with unparalleled flexibility and reliability and the largest integrated cryogenic gas processing infrastructure in the Utica Shale.
“The completion of our first Seneca plant is a key milestone in the rapid development of MarkWest Utica EMG’s leading full-service midstream infrastructure in the emerging Utica Shale. We are also very excited to continue expanding our Majorsville complex,” stated Frank Semple, Chairman, President, and Chief Executive Officer. “We continue to provide producer customers operating in the Northeast shales with fully-integrated midstream solutions that will further accelerate the development of their prolific rich-gas acreage.”
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV