Tuesday, August 18, 2009

MarkWest, ArcLight place Arkoma Connector in service

The 50-mile Arkoma Connector interstate natural gas transmission line was placed in service in July.
In May 2009, MarkWest Energy Partners, LP, and an affiliate of ArcLight Capital Partners, announced the formation of a joint venture to own and operate the Arkoma Connector, which provides 638,000 dekatherms per day of Woodford Shale takeaway capacity and interconnects with Midcontinent Express Pipeline and Gulf Crossing Pipeline at Bennington, Okla.
Under the terms of the joint venture agreement, ArcLight acquired a 50 percent equity interest in the joint venture for $62.5 million.
MarkWest will receive a service fee for operating and managing the joint venture. MarkWest and ArcLight will invest equally in the ongoing costs to operate or expand the pipeline.

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