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February 15, 2013
08:04 EDTMWE, REXXMarkWest 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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July 17, 2014
10:00 EDTREXXOn The Fly: Analyst Initiation Summary
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July 16, 2014
17:35 EDTREXXRex Energy initiated with a Hold at Canaccord
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