In early December 2013, MarkWest doubled its purity ethane fractionation capacity in the Marcellus to 76,000 Bbl/d with the startup of its second de-ethanization facility. The new facility is located at the Majorsville complex and will provide the Partnership’s producer customers’ with the ability to consistently meet residue gas quality specifications and deliver downstream ethane pipeline commitments. In conjunction with the commencement of de-ethanization services at Majorsville, MarkWest’s previously announced Liberty Ethane Pipeline became operational. The Liberty Ethane Pipeline transports purity ethane from the Majorsville complex to the Houston complex in Washington County, Pennsylvania. Once delivered at Houston, the purity ethane has direct access to multiple, major ethane takeaway projects including, Mariner West and ATEX, which began operations in December, and Mariner East, which is scheduled to come online in 2014. MarkWest is the first midstream operator in the Northeast to offer its producer customers the ability to recover and produce purity ethane and provide transportation infrastructure to all announced ethane pipeline takeaway projects. Ethane produced in the Northeast has the potential to become a key driver for the future expansion of the global petrochemical industry.In the Utica Shale, MarkWest Utica EMG, L.L.C. (“MarkWest Utica EMG”) a joint venture between MarkWest and The Energy & Minerals Group (EMG) commenced operations of the Seneca complex in Noble County, Ohio. The Seneca complex is currently comprised of two processing plants totaling 400 MMcf/d, which support rich-gas Utica production from Antero, PDC Energy, Inc. (NASDAQ: PDCE), Rex Energy Corporation (NASDAQ: REXX), and others. The Seneca complex is MarkWest Utica EMG’s second large-scale processing complex in the Utica Shale and represents the southernmost assets included in its fully-integrated midstream system spanning a five-county region of eastern Ohio. The system is comprised of hundreds of miles of low- and high-pressure gathering pipeline, nearly 600 MMcf/d of gas processing services, natural gas liquids (NGL) transportation infrastructure, and most recently, a new world-class NGL fractionation facility.
In January 2014, MarkWest Utica EMG and the Partnership commenced operations of the jointly-owned Hopedale fractionation and marketing complex in Harrison County, Ohio. The complex’s 60,000 Bb/d propane and heavier fractionation plant, associated purity product storage capacity and marketing logistics terminal capabilities are critical midstream assets in the heart of one of the most prospective resource plays in the United States. In conjunction with the startup of the Hopedale complex, MarkWest commenced operations of a pipeline connecting its Marcellus and Utica NGL infrastructure. By integrating two industry-leading midstream systems, MarkWest will be able to effectively expand fractionation services for its Marcellus producers, while simultaneously delivering unrivaled reliability and optionality for producers in the Utica.“We are exceptionally proud to continue expanding our essential midstream services on behalf of producers operating in the Marcellus and Utica,” commented Frank Semple, Chairman, President, and Chief Executive Officer of MarkWest. “The completion of one billion cubic feet of new processing capacity and nearly one-hundred thousand barrels per day of added fractionation services over the last four months is a testament to the extraordinary pace of U.S. energy production occurring in the Northeast shales. MarkWest is committed to creating long-term partnerships, developing unique solutions, and the required infrastructure needed to ensure that our customers remain at the forefront of domestic energy production for decades to come.” 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 September 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.
The Energy & Minerals Group is the management company for a series of specialized private equity funds. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $8.4 billion of total investor commitments (including co-investments) with approximately $5.2 billion allocated across the energy sector since inception. For additional information on EMG, please contact Alexandra Coolidge at 713-579-5029.