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Monday, November 11, 2013

MarkWest Provides Operational Update

From a MarkWest press release:
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), has commenced operations of its first cryogenic processing plant at the Seneca complex in Noble County, Ohio. The 200 MMcf/d Seneca I plant will be followed by a second 200 MMcf/d plant by the end of this year, and a third 200 MMcf/d plant by the second quarter of 2014. The Seneca complex is MarkWest Utica EMG’s second major processing complex in the core area of the rich-gas Utica Shale. By the end of 2014, total processing capacity in Ohio will reach almost 1 billion cubic feet per day.
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.”
Read the whole press release here.

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