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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MarkWest Completes Two Large Scale Facilities In The Northeast, Resumes Operations Of Houston III Plant & For The Third Consecutive Period Achieves Top Honor For Midstream Customer Satisfaction

Stocks in this article: MWE

MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest” or “the Partnership”) announced today an operational update regarding the continued development of midstream infrastructure projects in the liquids-rich areas of the Marcellus and Utica Shales.

In the Marcellus Shale, the Partnership has safely resumed operations of Plant III at the Houston processing and fractionation complex (“Houston complex”) in Washington County, PA. The Houston complex consists of three processing plants totaling 355 million cubic feet per day (MMcf/d) and 98,000 barrels per day (Bbl/d) of ethane and heavier fractionation capacity. Plant III is a 200 MMcf/d cryogenic facility that has been offline since May 28 th, 2014 after the facility’s heat exchanger was damaged.

During the period required to complete all necessary repairs to Houston’s Plant III, MarkWest was able to minimize disruption to its producer customers by utilizing its large, high-pressure, rich-gas header system to route gas to the Majorsville complex in Marshall County, West Virginia for processing.

In the Utica Shale, MarkWest Utica EMG, L.L.C. (“MarkWest Utica EMG”), a joint venture between MarkWest and The Energy and Minerals Group (“EMG”), is in startup mode for its third cryogenic processing plant at the Seneca complex in Noble County, Ohio. The 200 MMcf/d Seneca III plant will increase total processing capacity at the complex to 600 MMcf/d. The Seneca complex is supported by long-term, fee-based contracts with Antero Resources Corporation (NYSE: AR), Gulfport Energy Corporation (NASDAQ: GPOR), Rex Energy Corporation (NASDAQ: REXX), PDC Energy Inc. (NASDAQ: PDCE), and other producers. MarkWest Utica EMG continues to expand capacity at the Seneca complex and will complete a fourth 200 MMcf/d plant in the second quarter of 2015.

In addition to the Seneca complex, MarkWest Utica EMG’s Cadiz complex in Harrison County, Ohio, also continues to grow rapidly. MarkWest Utica EMG recently completed a 40,000 barrel per day de-ethanization facility at the Cadiz complex. This new facility will provide MarkWest Utica EMG’s producer customers’ with the ability to meet residue gas quality specifications and downstream ethane pipeline commitments. Ethane produced at the new Cadiz facility will be delivered to the ATEX pipeline. In addition, during the third quarter of 2014, the Cadiz II plant will become operational and increase total cryogenic processing capacity at the Cadiz complex to 325 MMcf/d.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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