Tuesday, June 5, 2012

MarkWest Energy Preparing to Lay 140 Miles of Pipeline in Eastern Ohio

From the Times Reporter:
CADIZ — MarkWest Energy will be building up to 140 miles of pipeline in three eastern Ohio counties during the next two years to transport natural gas to its processing facility being built in the Cadiz industrial park. 
Denver-based MarkWest announced Monday that it has reached a definitive agreement with Gulfport Energy of Oklahoma City to provide gathering, processing, fractionation and marketing services in the Utica shale area of eastern Ohio. The project will be handled by MarkWest Utica EMG, a joint venture between MarkWest Energy Partners and the Energy and Minerals Group, a management company for a series of private equity funds. 
Under the agreement, MarkWest will develop natural gas-gathering infrastructure primarily in Harrison, Guernsey and Belmont counties beginning this year. The company hopes to have 60 miles of pipeline completed by the end of this year and up to 140 miles by the first quarter of 2014. 
MarkWest will process Gulfport’s natural gas at its complex under construction in Cadiz.
Counting the processing plant, another proposed facility and the pipelines, the company will be investing close to $1 billion in Harrison County, according to Mike Sliva, president of the Cadiz Community Improvement Corp. 
“It’s great news,” Sliva said. 
“It’s just incredible,” added Rich Milleson, economic development coordinator for the Cadiz CIC. “Our county, more than most counties, has been blessed with this natural resource. We’ve had oil and gas in the past, but this new technology has brought another era to Harrison County’s long history as an energy producer.”
Read the rest of the article here.

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