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News Breaks
June 2, 2014
06:06 EDTMWE, REXXMarkWest Energy announces commencement of Bluestone II
MarkWest Energy (MWE) announced the commencement of Bluestone II, a 120 million cubic feet per day cryogenic processing facility. The Bluestone II plant is part of the Partnership’s Keystone assets in Butler County, Pennsylvania and increases processing capacity for Marcellus producers operating in the rich-gas area of northwest Pennsylvania to 210 MMcf/d. Concurrently with the new processing plant, MarkWest has also completed 20,000 barrels per day of ethane and heavier fractionation capacity at the Bluestone facility, and a 32 mile purity ethane pipeline connecting to Mariner West. The Bluestone II plant primarily supports the expanding production of Rex Energy (REXX). Rex Energy now has 190 MMcf/d of dedicated processing capacity at MarkWest’s Keystone facilities, which also consist of 50 MMcf/d of capacity at the Bluestone I plant and 40 MMcf/d of capacity at the Sarsen facility. MarkWest continues to develop its rich-gas gathering system throughout Butler County and surrounding areas in order to support the continued growth of its processing facilities.
News For MWE;REXX From The Last 14 Days
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June 29, 2015
17:09 EDTMWEMarkWest Energy initiated with a Hold at Evercore ISI
Target $60.
June 19, 2015
16:13 EDTREXXRex Energy enters purchase agreement with American Industrial Water
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07:49 EDTREXXRex Energy shares should outperform today, says SunTrust
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June 18, 2015
16:35 EDTREXXRex Energy sells Keystone Clearwater Solutions to American Water for $130M
Rex Energy (REXX), together with its partners in Water Solutions Holdings, entered into a purchase and sale agreement with American Water (AWK) pursuant to which American Water will acquire Water Solutions and its subsidiaries, including Keystone Clearwater Solutions. The transaction is valued at approximately $130M, inclusive of cash and debt. Rex Energy, which holds a 60% interest in Water Solutions and is selling its entire interest, expects net proceeds from the sale to be approximately $66M. The proceeds will be used to pay down the revolving line of credit and for general corporate purposes. American Water will continue to provide field and water-related services to Rex Energy within its Appalachian Basin properties in Pennsylvania and Ohio.
16:33 EDTREXXAmerican Water to acquire Keystone Clearwater Solutions
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June 17, 2015
10:19 EDTREXXHigh option volume stocks
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10:00 EDTMWEOn The Fly: Analyst Upgrade Summary
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05:29 EDTMWEMarkWest Energy upgraded to Buy from Hold at Jefferies
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June 16, 2015
10:01 EDTMWEOn The Fly: Analyst Initiation Summary
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07:15 EDTMWEMarkWest Energy initiated with a Buy at SunTrust
Target $76.

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