MarkWest Energy Partners LP reported weaker-than-expected profits in the third quarter, partly on continuing operational constraints in the Marcellus Shale, as well as weak results from the Utica Shale segment, issues that management expects to remedy once most of the 22 growth projects are completed in 2014.
Markwest
Articles from Markwest
MarkWest in Deal to Buy Ohio Rail System
Major Utica Shale player MarkWest Energy Partners LP is buying a 36-mile railroad after reaching a tentative agreement with the Columbiana County, OH, port authority.
MarkWest in Deal to Buy Ohio Rail System
Major Utica Shale player MarkWest Energy Partners LP is buying a 36-mile railroad after reaching a tentative agreement with the Columbiana County, OH, port authority.
Pennsylvania Records Indicate Disgruntled Family Still Receives Royalties
A Pennsylvania family that had sued Range Resources Corp. and other midstream operators for allegedly contaminating its property with hydraulic fracturing (fracking) fluids is still receiving monthly royalty payments, according to court-released settlement documents.
MarkWest, Kinder Mount Challenge to Bluegrass NGL Pipeline
Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC (MarkWest Utica) are putting up a $2 billion y-grade natural gas liquids (NGL) processing and transportation combo project that competes with the Bluegrass Pipeline, which has been proposed by Boardwalk Pipeline Partners LP and Williams.
Fitch: Eagle Ford Spending Easier on Midstream Credits
Liquids-rich gas and high initial production rates from oil wells are driving red hot interest in the Eagle Ford Shale, and this is only bolstered by the region’s established midstream infrastructure and proximity to energy markets, Fitch Ratings said in a new report. More isolated shale basins need costly “mega pipelines,” which are tougher on credit ratings, Fitch said.
Correction
In the article “XTO, MarkWest Execs Tout Shale Success, Push Public Interaction, LNG Exports” (see Shale Daily, Sept. 21), NGI’s Shale Daily incorrectly stated that the Golden Pass liquefied natural gas terminal project is being developed by Cheniere Energy Inc. The Golden Pass Products liquefaction expansion project is a partnership of affiliates of Qatar Petroleum International (70% ownership) and ExxonMobil Corp. (30%). NGI’s Shale Daily regrets the error.
Pennsylvania Governor Appeals Act 13 Ruling to State Supreme Court
Pennsylvania Gov. Tom Corbett said Friday the state has appealed to the state Supreme Court a ruling by the Commonwealth Court that struck down portions of Act 13, the state’s new omnibus Marcellus Shale law.
Pennsylvania Court: Act 13 Zoning Restrictions Unconstitutional
In a 4-3 decision on Thursday, the Pennsylvania Commonwealth Court ruled that portions of Act 13, the state’s new omnibus Marcellus Shale law, were “unconstitutional, null and void” on the grounds that its limits on local zoning violate municipalities’ right to substantive due process.
Pennsylvania Marcellus Law Ruling Expected Within A Month
Attorneys involved with a legal challenge to portions of Act 13, Pennsylvania’s new omnibus Marcellus Shale law, say a decision by the state’s Commonwealth Court could come within a month and will have far-reaching consequences regardless of which way the court rules.