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Wednesday, April 22, 2015

Construction of Midstream Infrastructure in Ohio Not Being Affected by Low Oil and Gas Prices

From Gas & Oil:
Even faced with lower oil and natural gas prices, Marcellus and Utica shale processors continue building billions of dollars worth of infrastructure throughout the Upper Ohio Valley. 
Denver-based MarkWest Energy just keeps building in both Ohio and West Virginia. The company refines gas streams for drillers by separating dry methane from natural gas liquids such as ethane, propane and butane so that all products can go to market. 
"Given the recent decline in commodity prices we are working with our producer customers to optimize our midstream operations to support their revised capital plans. The majority of our capital expenditures are in the Marcellus where we are currently processing approximately 90 percent of all rich-gas production," said Frank Semple, chairman, president and CEO of MarkWest. 
MarkWest recently announced development of Cadiz IV, which will process 200 million cubic feet per day worth of gas for American Energy Partners.
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