Hydrocarbon

MarkWest, Magnum Gain Gas Reserves in Seperate Transactions

As mergers and acquisitions attempt to live up to the pace set during 2000, Denver-based MarkWest Hydrocarbon Inc. reported it has more than doubled natural gas reserves with the $51 million acquisitions of Leland Energy Canada Ltd. and Watford Energy Ltd. — two privately owned exploration and production companies based in Calgary. The companies’ current management, which directs both Leland’s and Watford’s operations, will remain intact, MarkWest said.

August 20, 2001

MarkWest Acquires Two Calgary E&P Entities for $51 M

As mergers and acquisitions attempt to live up to the pace set during 2000, Denver-based MarkWest Hydrocarbon Inc. reported it has more than doubled natural gas reserves with the $51 million acquisitions of Leland Energy Canada Ltd. and Watford Energy Ltd. — two privately owned exploration and production companies based in Calgary. The companies’ current management, which directs both Leland’s and Watford’s operations, will remain intact, MarkWest said.

August 14, 2001

Industry Briefs

Denver-based MarkWest Hydrocarbon Inc. announced preliminary results for three new gas wells in which it holds interests. In eastern Michigan, the Sims 2-7 well was successfully recompleted, testing at 4.4 MMcf/d of sour gas and 400 bbl/d of condensate and natural gas liquids. The well is the second to be connected to the Au Gres gas plant, modified by MarkWest and its partners in 2000. The well is scheduled to be on production by mid-July. In western Michigan, MarkWest and its partners have made two gas discoveries. The previously drilled Victory 32, in which MarkWest owns 8.5%, successfully tested before being shut in for pipeline connection. The reef play is only a few miles from the company’s sour gas pipeline. The third well, the Victory 21, in which MarkWest holds a 14.6% interest, found a reef and is shut in awaiting equipment to complete and test the well.

June 20, 2001

Transportation Notes

Northwest reported that because it has been unable to deliverspec quality gas off the south end due to increased hydrocarbondewpoint levels, starting today it will be required to shut in sixinterconnect points: Piceance Quick Cycle, Grand Valley, SandSprings, Grand Gas, Premier-Bar-X and Bar-X. The pipeline said itwould contact each affected interconnect operator to discuss gasquality details.

June 9, 2000
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