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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.
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July 24, 2014
16:51 EDTMWEMarkWest Energy increases quarterly dividend by 4.8% to 88c
MarkWest Energy Partners announced that the board of the General Partner of MarkWest Energy Partners declared a cash distribution of 88c per common unit for Q2, for an implied annual rate of $3.52 per common unit. The Q2 distribution represents an increase of 4c per common unit, or 4.8%, compared to 2Q13. The Q2 distribution is payable August 14 to unitholders of record on August 5. The ex-dividend date is August 1.
July 23, 2014
09:06 EDTMWEMarkWest Energy downgraded to Accumulate from Speculative Buy at Global Hunter
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