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News Breaks
February 15, 2013
08:04 EDTREXX, MWEMarkWest Utica EMG, Rex Energy in deal to develop Utica midstream infrastructure
MarkWest Utica EMG, a joint venture between MarkWest Energy Partners (MWE) and The Energy and Minerals Group, announced definitive agreements with Rex Energy (REXX) to provide gathering, processing, fractionation, and marketing services in the Utica Shale. In Rex Energy’s Warrior South Prospect, the company holds approximately 4,100 net acres. To date, the company drilled and completed three wells in the Warrior South Prospect. These wells have been shut-in since their completion and will be placed into sales once the related infrastructure is in place. In 2013, Rex Energy plans to drill and complete four additional wells and place into service seven wells in the Warrior South Prospect. MarkWest Utica EMG expects to begin gathering and processing Rex's liquid-rich gas production in approximately June of this year. To support Rex and other Utica producers, MarkWest Utica EMG is constructing an extensive gathering system, two large- scale processing complexes and a C2+ fractionation and marketing complex by early 2014. When completed, MarkWest Utica EMG and MarkWest will have the largest processing and fractionation capacity in the Utica Shale, it said.
News For MWE;REXX From The Last 14 Days
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May 26, 2015
16:13 EDTREXXHirzel Capital reports 9.0% passive stake in Rex Energy
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May 19, 2015
09:58 EDTMWEOn The Fly: Analyst Initiation Summary
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May 18, 2015
16:26 EDTMWEMarkWest Energy initiated with a Buy at Deutsche Bank
Target $76.

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