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Stock Market & Financial Investment News

News Breaks
January 23, 2013
19:34 EDTMWEMarkWest Energy increases quarterly distribution to 82c per common unit
MarkWest Energy Partners announced that the board of the General Partner of MarkWest Energy Partners declared a cash distribution of 82c per common unit for 4Q12, for an implied annual rate of $3.28 per common unit. The 4Q12 distribution represents an increase of 6c per common unit, or 7.9%, compared to the 4Q11 distribution and an increase of 1c per common unit, or 1.2 %, compared to the 3Q12 distribution. The 4Q12 distribution is payable February 14 to unitholders of record on February 6. The ex-dividend date is February 4.
News For MWE From The Last 14 Days
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September 22, 2014
19:36 EDTMWEMarkWest Energy joint venture announces definitive agreements with AEU
MarkWest Utica EMG, a joint venture between MarkWest Energy Partners and The Energy & Minerals Group, and Ohio Gathering Company, a joint venture between MarkWest Utica EMG and Summit Midstream Partners, announced the completion of definitive agreements with American Energy- Utica, or AEU, an affiliate of American Energy Partners, to provide natural gas gathering, processing, and fractionation services in the Utica Shale in Ohio. AEU has acquired a significant acreage position in highly prolific Utica Shale and with the agreements announced, has dedicated more than 60K net acres in the rich-gas and condensate windows to MarkWest Utica EMG and Ohio Gathering. Under the terms of the agreements, MarkWest Utica EMG will provide natural gas processing services at its Cadiz complex in Harrison County, Ohio and its Seneca complex in Noble County, Ohio. Combined, these two large complexes currently provide 725M cubic feet per day of total processing capacity to eight key producer customers in the Utica Shale. Based on previous announcements, the two complexes will be expanded to more than 1.3B cubic feet per day of processing capacity by 2Q15. MarkWest Utica EMG will fractionate AEU’s natural gas liquids, or NGLs, at its jointly owned Hopedale complex, which currently includes 60K barrels per day, or Bbl/d, of propane and heavier NGLs fractionation capacity and will be expanded to 120K Bbl/d of capacity by 1Q15.

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