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Stock Market & Financial Investment News

News Breaks
May 29, 2014
13:38 EDTMWEMarkWest Energy says no reported injuries from incident at Houston complex
MarkWest Energy Partners reported an incident at its Houston processing and fractionation complex in Houston, Pennsylvania at approximately 6:00 p.m. EDT yesterday. The Houston complex consists of processing plants I, II and III totaling 355M cubic feet per day of capacity and 98,000 barrels per day of ethane and heavier fractionation capacity with associated storage facilities and other related infrastructure. There were no reported injuries and as a precaution, the area was safely and temporarily evacuated. Although MarkWest has not completed a full assessment of all plant equipment, an initial visual assessment of damage indicates that the impact was limited to one component of the plant III facility. The entire complex remains shut down until the assessment is completed. At this time, it appears that no other equipment at the facility was affected. Additionally, there are no apparent signs or evidence of a fire. The complexís safety control system worked as designed and the two flares at the facility remained in operation throughout the course of this event. MarkWest is working closely with its producer customers and is currently routing some gas through its rich-gas header system to the Majorsville complex in Marshall County, West Virginia. The Majorsville complex currently consists of 870 MMcf/d of processing capacity. MarkWest would like to thank the local first responders and Washington County emergency management personnel who acted quickly and decisively to ensure the publicís safety. MarkWest notified the appropriate government officials and agencies. The area will remain secure until the review is completed.
News For MWE From The Last 14 Days
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February 25, 2015
09:17 EDTMWEMarkWest Energy sees FY15 adjusted EBITDA $925M-$1.03B
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09:14 EDTMWEMarkWest Energy reports Q4 DCF $201M
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09:07 EDTMWEMarkWest Energy reports Q4 EPS 18c, consensus 28c
Reports Q4 revenue $538.3M, consensus $622.79M.
February 24, 2015
15:21 EDTMWENotable companies reporting before tomorrow's open
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08:20 EDTMWEEnterprise, Anadarko, DCP, MarkWest form joint venture for Panola
Enterprise Products Partners (EPD), Anadarko Petroleum (APC), DCP Midstream Partners (DPM) and MarkWest Energy Partners (MWE) announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company. The interest will be evenly divided among Anadarkoís affiliate, WGR Asset Holding Company, DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest. The Panola Pipeline, which transports natural gas liquids, originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Incremental capacity is expected to be available in 1Q16. This corrects the symbol for Enterprise Products Partners.

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