MarkWest Hydrocarbon executed agreements with Equitable Production that restructures their processing relationship in Appalachia. The new agreements provide Equitable with additional flexibility in its gathering operations upstream of the MarkWest Energy Partners LP processing facilities, and provide Equitable with assurances of continued processing capacity and operations. The new agreements also protect MarkWest Hydrocarbon during periods of low processing margins. Terms of the deal were not disclosed.

Evolution Markets LLC announced the establishment of over-the-counter (OTC) brokerage and structured transaction services for North American natural gas and power trading markets. The company said it hired Jeff Rosenzweig, a power and natural gas market veteran recently with Sempra Energy Trading, to lead its new brokerage desk. The company is also actively recruiting additional team members to serve both gas and power markets. Evolution Markets will provide brokerage and structured transaction services to producers, end users and marketers participating in physical and financial natural gas markets for all natural gas trading hubs in North America and all North American Electric Reliability Council (NERC) power trading regions. Initially, it will serve these markets from operations in its White Plains, NY, headquarters. Its expansion into power and gas markets is a natural complement to its current brokerage operations in emissions, weather, OTC coal, and renewable energy trading markets, the company said. For more information on Evolution Markets’ go to

X-Change Corp. said Wednesday that it has acquired 75 oil and gas wells from longtime Texas Independent Kolt Oil & Gas Inc. The properties include existing oil & gas reserves with a possible 10,000,000 boe on approximately 3,000 acres of leases in the East Texas field in Gregg County, TX, near the town of White Oak and another 2,000+/- in West Central Texas near the town of Albany. X-Change — a Dallas-based company that was organized to seek merger or acquisition candidates — said that several of the wells will be proven up with private investment to determine profitability and future development strategies utilizing new state of the art technologies. The company added that service companies have been notified and workover will begin in November.

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