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Stock Market & Financial Investment News

News Breaks
August 6, 2014
16:26 EDTMWEMarkWest Energy reports Q2 EPS 5c, consensus 16c
Reports Q2 revenue $525.12M, consensus $549.91M.
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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